Bel Fuse Inc. (NASDAQ:BELFA) to Issue $0.06 Quarterly Dividend

Bel Fuse Inc. (NASDAQ:BELFA) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.06 per share by the scientific and technical instruments company on Thursday, August 1st. This represents a $0.24 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Monday, July 15th.

Bel Fuse has increased its dividend payment by an average of 1.4% annually over the last three years. Bel Fuse has a payout ratio of 4.6% indicating that its dividend is sufficiently covered by earnings.

Bel Fuse Stock Performance

BELFA stock opened at $82.61 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70. Bel Fuse has a 1-year low of $38.82 and a 1-year high of $85.91. The business has a 50-day moving average price of $79.37 and a 200 day moving average price of $72.01. The company has a market capitalization of $1.04 billion, a P/E ratio of 14.67 and a beta of 1.36.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.19 EPS for the quarter. Bel Fuse had a net margin of 12.62% and a return on equity of 24.29%. The business had revenue of $128.09 million during the quarter.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.