Bel Fuse Inc. Plans Quarterly Dividend of $0.06 (BELFA)

Bel Fuse Inc. (NASDAQ:BELFA) announced a quarterly dividend on Tuesday, November 14th, Wall Street Journal reports. Stockholders of record on Monday, January 15th will be given a dividend of 0.06 per share by the scientific and technical instruments company on Thursday, February 1st. This represents a $0.24 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, January 11th.

Bel Fuse (NASDAQ:BELFA) traded up $0.28 during midday trading on Tuesday, hitting $22.15. The stock had a trading volume of 2,800 shares, compared to its average volume of 1,835. The firm has a market cap of $263.14, a P/E ratio of 17.09 and a beta of 0.89. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59. Bel Fuse has a 12 month low of $18.80 and a 12 month high of $29.90.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Friday, November 3rd. The scientific and technical instruments company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.12). Bel Fuse had a net margin of 2.50% and a return on equity of 9.80%. The company had revenue of $126.39 million during the quarter.

Separately, TheStreet raised Bel Fuse from a “c” rating to a “b-” rating in a report on Friday, August 4th.

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In other news, CEO Daniel Bernstein sold 3,000 shares of Bel Fuse stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $24.61, for a total transaction of $73,830.00. Following the completion of the sale, the chief executive officer now owns 15,000 shares of the company’s stock, valued at $369,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dennis Ackerman sold 2,500 shares of Bel Fuse stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $24.63, for a total value of $61,575.00. Following the sale, the vice president now directly owns 12,500 shares of the company’s stock, valued at approximately $307,875. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Bel Fuse Company Profile

Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.

Dividend History for Bel Fuse (NASDAQ:BELFA)

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