Bel Fuse Inc. Declares Quarterly Dividend of $0.07 (NASDAQ:BELFB)

Bel Fuse Inc. (NASDAQ:BELFB) announced a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Thursday, January 15th will be given a dividend of 0.07 per share by the electronics maker on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, January 15th.

Bel Fuse has decreased its dividend by an average of 0.0%per year over the last three years. 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 $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

Shares of Bel Fuse stock opened at $188.00 on Tuesday. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 36.15, a price-to-earnings-growth ratio of 2.00 and a beta of 1.56. 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 stock has a 50 day moving average price of $164.26 and a 200-day moving average price of $143.32. Bel Fuse has a one year low of $57.99 and a one year high of $191.48.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Robert W. Baird set a $170.00 target price on shares of Bel Fuse in a report on Friday, October 31st. Oppenheimer set a $180.00 price target on Bel Fuse and gave the company an “outperform” rating in a research note on Friday, October 31st. Zacks Research downgraded shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Needham & Company LLC increased their price target on shares of Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price 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.