Bel Fuse Inc. (NASDAQ:BELFA) Stock to Pay Quarterly Dividend of $0.06

Bel Fuse Inc. (NASDAQ:BELFA) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Friday, January 15th will be given a dividend of $0.06 per share by the scientific and technical instruments company on Friday, January 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, January 15th.

Bel Fuse has a dividend payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings.

Bel Fuse Price Performance

Shares of NASDAQ:BELFA traded up $4.03 during midday trading on Tuesday, hitting $193.57. The company had a trading volume of 48,834 shares, compared to its average volume of 109,356. Bel Fuse has a twelve month low of $114.02 and a twelve month high of $293.51. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 48.76 and a beta of 1.37. The business’s 50-day simple moving average is $194.17 and its 200-day simple moving average is $215.73.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures and markets products that support power management, circuit protection, connectivity and signal transmission. Its portfolio includes fuses and other circuit-protection devices, power supplies, DC-DC converters, magnetics, connectors, cable assemblies and discrete components used in electronic systems.

The company serves a range of markets, including networking and telecommunications, data centers, consumer electronics, automotive, medical, industrial, aerospace and defense applications.