Bel Fuse Inc. (NASDAQ:BELFA – Get Free Report) declared a quarterly dividend on Wednesday, July 23rd, RTT News reports. Stockholders of record on Wednesday, October 15th will be paid a dividend of 0.06 per share by the scientific and technical instruments company on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 15th.
Bel Fuse has a payout ratio of 4.0% indicating that its dividend is sufficiently covered by earnings.
Bel Fuse Price Performance
Shares of BELFA opened at $110.67 on Monday. The company has a 50 day moving average of $116.73 and a two-hundred day moving average of $90.54. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. Bel Fuse has a twelve month low of $53.95 and a twelve month high of $126.80. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 28.67 and a beta of 1.25.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Bel Fuse in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $115.00.
View Our Latest Stock Analysis on Bel Fuse
Bel Fuse Company Profile
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.
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