Bel Fuse, Inc. (BELFA) Declares Quarterly Dividend of $0.06
Bel Fuse, Inc. (NASDAQ:BELFA) announced a quarterly dividend on Friday, May 10th, Wall Street Journal reports. Investors of record on Monday, July 15th will be paid a dividend of 0.06 per share by the scientific and technical instruments company on Thursday, August 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, July 12th.
NASDAQ BELFA traded down $2.02 on Friday, hitting $18.00. The stock had a trading volume of 1,877 shares, compared to its average volume of 955. Bel Fuse has a one year low of $12.85 and a one year high of $25.79. The company has a current ratio of 3.12, a quick ratio of 1.75 and a debt-to-equity ratio of 0.69. The stock has a market cap of $258.14 million, a price-to-earnings ratio of 10.76 and a beta of 1.82.
Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Thursday, May 2nd. The scientific and technical instruments company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.10). Bel Fuse had a return on equity of 13.75% and a net margin of 4.17%. The firm had revenue of $125.39 million during the quarter.
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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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