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

Bel Fuse, Inc. (NASDAQ:BELFA) declared a quarterly dividend on Tuesday, November 14th, Wall Street Journal reports. Investors 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 yield of 1.30%. The ex-dividend date is Thursday, January 11th.

Bel Fuse (NASDAQ BELFA) traded down $0.82 during trading hours on Thursday, reaching $18.41. The company had a trading volume of 785 shares, compared to its average volume of 1,105. The stock has a market capitalization of $215.85, a price-to-earnings ratio of 19.18 and a beta of 0.81. The company has a quick ratio of 1.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.59. Bel Fuse has a 52-week low of $17.94 and a 52-week high of $29.90.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings data on Friday, November 3rd. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.12). The firm 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, VP Dennis Ackerman sold 2,500 shares of the firm’s stock in a transaction dated 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 owns 12,500 shares of the company’s stock, valued at $307,875. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Daniel Bernstein sold 3,000 shares of the 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 sale, the chief executive officer now owns 15,000 shares of the company’s stock, valued at approximately $369,150. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

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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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