Bel Fuse Inc. (NASDAQ:BELFA – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.06 per share by the scientific and technical instruments company on Friday, July 31st. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, July 15th.
Bel Fuse has a dividend payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings.
Bel Fuse Trading Up 6.9%
Shares of BELFA stock opened at $252.34 on Friday. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $220.41 and a two-hundred day moving average price of $185.96. Bel Fuse has a 12-month low of $62.78 and a 12-month high of $276.20. The firm has a market cap of $3.21 billion, a P/E ratio of 60.80 and a beta of 1.42.
About Bel Fuse
Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.
Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.
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