Bel Fuse Inc. (NASDAQ:BELFA) Stock to Pay Quarterly Dividend of $0.06

Bel Fuse Inc. (NASDAQ:BELFA) announced a quarterly dividend on Monday, November 2nd. Shareholders of record on Friday, January 15th will be given a dividend of $0.06 per share by the scientific and technical instruments company on Friday, January 29th. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, January 15th.

Bel Fuse has a payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings.

Bel Fuse Trading Up 2.5%

Bel Fuse stock traded up $4.68 during midday trading on Tuesday, reaching $194.22. The stock had a trading volume of 49,576 shares, compared to its average volume of 109,362. Bel Fuse has a 12 month low of $114.02 and a 12 month high of $293.51. The company has a market capitalization of $2.80 billion, a P/E ratio of 48.78 and a beta of 1.37. The company has a fifty day moving average price of $194.17 and a two-hundred day moving average price of $215.73.

Analyst Ratings Changes

Several equities analysts recently weighed in on BELFA shares. Weiss Ratings cut shares of Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 26th. Citigroup started coverage on shares of Bel Fuse in a research report on Monday, July 13th. They set a “buy” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Bel Fuse presently has a consensus rating of “Moderate Buy” and an average price target of $250.00.

About Bel Fuse

Bel Fuse Inc designs, manufactures and markets products that support power management, circuit protection, connectivity and signal transmission. Its portfolio includes fuses and other circuit-protection devices, power supplies, DC-DC converters, magnetics, connectors, cable assemblies and discrete components used in electronic systems.

The company serves a range of markets, including networking and telecommunications, data centers, consumer electronics, automotive, medical, industrial, aerospace and defense applications.