Bel Fuse Inc. Plans Quarterly Dividend of $0.07 (BELFB)

Bel Fuse Inc. (NASDAQ:BELFB) declared a quarterly dividend on Thursday, May 17th, Wall Street Journal reports. Investors of record on Friday, July 13th will be given a dividend of 0.07 per share by the electronics maker on Wednesday, August 1st. This represents a $0.28 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, July 12th.

Shares of Bel Fuse opened at $20.50 on Friday, according to Marketbeat. The company has a current ratio of 3.14, a quick ratio of 1.95 and a debt-to-equity ratio of 0.73. Bel Fuse has a 1-year low of $19.75 and a 1-year high of $19.75. The stock has a market cap of $238.85 million, a price-to-earnings ratio of 26.47 and a beta of 0.73.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Thursday, May 3rd. The electronics maker reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.21). Bel Fuse had a positive return on equity of 5.50% and a negative net margin of 2.81%. The company had revenue of $118.25 million for the quarter.

Separately, ValuEngine downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.

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.

Dividend History for Bel Fuse (NASDAQ:BELFB)

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