Bel Fuse Inc. (BELFB) to Issue Quarterly Dividend of $0.07 on January 30th

Bel Fuse Inc. (NASDAQ:BELFB) declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Thursday, January 15th will be paid a dividend of 0.07 per share by the electronics maker on Friday, January 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, January 15th.

Bel Fuse has decreased its dividend payment by an average of 0.0%per year over the last three years. Bel Fuse has a dividend payout ratio of 4.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bel Fuse to earn $5.43 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 5.2%.

Bel Fuse Price Performance

Bel Fuse stock opened at $188.00 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 3.06. The company’s fifty day moving average price is $164.26 and its 200 day moving average price is $143.32. The stock has a market capitalization of $2.38 billion, a P/E ratio of 36.15, a P/E/G ratio of 2.00 and a beta of 1.56. Bel Fuse has a 1 year low of $57.99 and a 1 year high of $191.48.

Wall Street Analyst Weigh In

BELFB has been the subject of several recent research reports. Wall Street Zen raised Bel Fuse from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 21st. Oppenheimer set a $180.00 price objective on shares of Bel Fuse and gave the company an “outperform” rating in a report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Bel Fuse in a report on Monday, December 29th. Northland Securities set a $188.00 price target on Bel Fuse in a report on Friday, October 31st. Finally, Needham & Company LLC upped their target price on Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $164.20.

Bel Fuse Company Profile

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.