Bel Fuse Inc. (NASDAQ:BELFB) to Issue $0.07 Quarterly Dividend

Bel Fuse Inc. (NASDAQ:BELFBGet Free Report) declared a quarterly dividend on Monday, August 3rd. Investors of record on Thursday, October 15th will be given a dividend of 0.07 per share by the electronics maker on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th.

Bel Fuse has a dividend payout ratio of 4.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bel Fuse to earn $8.81 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 3.2%.

Bel Fuse Stock Performance

BELFB stock opened at $274.83 on Tuesday. Bel Fuse has a 12-month low of $124.42 and a 12-month high of $335.29. The stock’s 50 day simple moving average is $280.41 and its 200 day simple moving average is $247.55. The company has a current ratio of 4.48, a quick ratio of 3.20 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $3.50 billion, a PE ratio of 66.38, a price-to-earnings-growth ratio of 2.82 and a beta of 1.72.

Institutional Trading of Bel Fuse

Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of Bel Fuse by 20.2% in the first quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 48 shares during the period. The Manufacturers Life Insurance Company grew its stake in Bel Fuse by 1.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,782 shares of the electronics maker’s stock worth $947,000 after purchasing an additional 50 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Bel Fuse by 2.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 4,087 shares of the electronics maker’s stock valued at $693,000 after purchasing an additional 79 shares during the last quarter. PFG Advisors increased its holdings in shares of Bel Fuse by 1.3% in the 4th quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock valued at $1,129,000 after acquiring an additional 84 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Bel Fuse by 0.9% in the 1st quarter. Bank of America Corp DE now owns 10,348 shares of the electronics maker’s stock valued at $2,049,000 after buying an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

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Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.

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Dividend History for Bel Fuse (NASDAQ:BELFB)

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