Bel Fuse Inc. (BELFB) to Issue Quarterly Dividend of $0.07 on July 31st

Bel Fuse Inc. (NASDAQ:BELFB) announced a quarterly dividend on Tuesday, April 28th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.07 per share by the electronics maker on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, July 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

Shares of BELFB opened at $272.58 on Monday. The stock has a market capitalization of $3.47 billion, a P/E ratio of 62.09, a P/E/G ratio of 2.68 and a beta of 1.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. Bel Fuse has a 1 year low of $95.45 and a 1 year high of $335.29. The company’s fifty day moving average is $282.36 and its two-hundred day moving average is $237.33.

Analyst Upgrades and Downgrades

BELFB has been the subject of several research analyst reports. JPMorgan Chase & Co. started coverage on Bel Fuse in a research report on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 price objective for the company. Citigroup started coverage on shares of Bel Fuse in a research note on Monday. They set a “buy” rating on the stock. Northland Securities set a $321.00 price objective on shares of Bel Fuse in a research note on Monday, May 4th. Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bel Fuse currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.80.

About Bel Fuse

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.