Bel Fuse, Inc. Announces 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 paid 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 1.10%. The ex-dividend date is Thursday, January 11th.

Shares of Bel Fuse (NASDAQ BELFA) opened at $21.79 on Wednesday. Bel Fuse has a 52 week low of $18.80 and a 52 week high of $29.90. The company has a quick ratio of 1.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.59. The company has a market cap of $262.22, a price-to-earnings ratio of 22.70 and a beta of 0.81.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly 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). The company had revenue of $126.39 million for the quarter. Bel Fuse had a return on equity of 9.80% and a net margin of 2.50%.

In other Bel Fuse news, CEO Daniel Bernstein sold 3,000 shares of the business’s stock in a transaction dated 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 directly owns 15,000 shares of the company’s stock, valued at approximately $369,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dennis Ackerman sold 2,500 shares of the business’s stock in a transaction dated 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 $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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