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

Bel Fuse, Inc. (NASDAQ:BELFA) declared 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 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, January 11th.

Bel Fuse (BELFA) opened at $21.79 on Friday. Bel Fuse has a one year low of $18.80 and a one year high of $29.90. The company has a market cap of $283.19, a PE ratio of 21.36 and a beta of 0.87. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.59 and a current ratio of 2.66.

Bel Fuse (NASDAQ:BELFA) last issued its earnings results on Friday, November 3rd. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $126.39 million during the quarter.

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

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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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