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

Bel Fuse Inc. (NASDAQ:BELFB) announced a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.07 per share by the electronics maker on Friday, January 31st. This represents a $0.28 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Wednesday, January 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 $4.39 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 6.4%.

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $77.34 on Monday. The firm has a market cap of $970.23 million, a PE ratio of 17.74 and a beta of 1.30. The business has a 50-day moving average price of $81.01 and a 200 day moving average price of $74.66. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. Bel Fuse has a twelve month low of $45.74 and a twelve month high of $92.61.

Insider Buying and Selling at Bel Fuse

In other news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the sale, the vice president now directly owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Dawson sold 1,500 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the insider now owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. The trade was a 9.18 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BELFB shares. StockNews.com downgraded Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. Needham & Company LLC upped their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Northland Securities raised their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, Oppenheimer started coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $98.33.

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.