Bel Fuse, Inc. (BELFA) to Issue Quarterly Dividend of $0.06 on November 1st

Bel Fuse, Inc. (NASDAQ:BELFA) announced a quarterly dividend on Tuesday, August 6th, Zacks reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.06 per share by the scientific and technical instruments company on Friday, November 1st. This represents a $0.24 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, October 14th.

Shares of NASDAQ BELFA opened at $12.90 on Friday. The firm has a market capitalization of $158.80 million, a P/E ratio of 10.00 and a beta of 2.10. Bel Fuse has a one year low of $9.10 and a one year high of $23.24. The company’s fifty day moving average is $11.92 and its two-hundred day moving average is $15.55. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.87 and a current ratio of 3.23.

Bel Fuse (NASDAQ:BELFA) last issued its earnings results on Thursday, August 1st. The scientific and technical instruments company reported $0.03 EPS for the quarter. The company had revenue of $127.42 million for the quarter. Bel Fuse had a net margin of 3.59% and a return on equity of 9.48%.

Separately, ValuEngine upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th.

In other Bel Fuse news, Director Peter E. Gilbert acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $10.52 per share, for a total transaction of $52,600.00. Following the transaction, the director now directly owns 23,750 shares of the company’s stock, valued at $249,850. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.53% of the stock is currently owned by insiders.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.

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Dividend History for Bel Fuse (NASDAQ:BELFA)

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