Bel Fuse Inc. (NASDAQ:BELFB) Announces Quarterly Dividend of $0.07

Bel Fuse Inc. (NASDAQ:BELFB) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.07 per share by the electronics maker on Thursday, May 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, April 15th.

Bel Fuse has a dividend payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bel Fuse to earn $6.60 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 4.2%.

Bel Fuse Stock Performance

BELFB opened at $84.51 on Friday. The stock has a market cap of $1.06 billion, a PE ratio of 25.84, a P/E/G ratio of 0.96 and a beta of 1.28. The company has a current ratio of 2.92, a quick ratio of 2.71 and a debt-to-equity ratio of 0.80. Bel Fuse has a 1 year low of $45.74 and a 1 year high of $92.61. The stock’s 50 day simple moving average is $81.81 and its 200-day simple moving average is $77.17.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The firm had revenue of $149.86 million for the quarter, compared to the consensus estimate of $126.41 million. During the same quarter in the prior year, the firm posted $1.29 earnings per share. Sell-side analysts forecast that Bel Fuse will post 5.65 EPS for the current year.

Insiders Place Their Bets

In other news, VP Joseph Francis Berry sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the transaction, the vice president now owns 8,023 shares of the company’s stock, valued at $644,246.90. This represents a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BELFB shares. Oppenheimer started coverage on Bel Fuse in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target on the stock. StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Needham & Company LLC upped their price target on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $100.00.

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.