Bel Fuse Inc. (NASDAQ:BELFB) Stock to Pay Quarterly Dividend of $0.07

Bel Fuse Inc. (NASDAQ:BELFB) announced a quarterly dividend on Monday, November 2nd. Investors of record on Friday, January 15th will be given a dividend of $0.07 per share by the electronics maker on Friday, January 29th. This represents a $0.28 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, January 15th.

Bel Fuse has a payout ratio of 4.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bel Fuse to earn $9.05 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 3.1%.

Bel Fuse Price Performance

NASDAQ BELFB traded up $5.35 during trading on Tuesday, reaching $240.39. The company’s stock had a trading volume of 129,627 shares, compared to its average volume of 218,378. The firm has a fifty day moving average of $238.61 and a 200 day moving average of $247.94. Bel Fuse has a one year low of $133.71 and a one year high of $335.29. The stock has a market capitalization of $3.47 billion, a PE ratio of 57.24, a P/E/G ratio of 2.46 and a beta of 1.67.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.89). Bel Fuse had a net margin of 7.34% and a return on equity of 9.76%. The business had revenue of $220.51 million for the quarter, compared to the consensus estimate of $215.74 million. Research analysts expect that Bel Fuse will post 6.89 earnings per share for the current fiscal year.

Bel Fuse Company Profile

Bel Fuse Inc is a designer, manufacturer and supplier of products that power, protect and connect electronic circuits. The company’s portfolio includes circuit protection devices, magnetic components, interconnect products, power supplies, power conversion solutions and discrete components used in electronic equipment and systems.

Bel Fuse serves customers in industries including telecommunications, networking, computing, industrial equipment, consumer electronics, automotive, medical technology, aerospace and defense.