Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares

Rhea-AI Summary

BEL FUSE INC. (NASDAQ:BELFA, BELFB) announced a quarterly cash dividend of $0.06 per share for Class A and $0.07 per share for Class B common shares. These dividends are payable on April 30, 2021, to shareholders on record as of April 15, 2021. The company has approximately 12,354,000 common shares outstanding, with 2,145,000 in Class A and 10,209,000 in Class B categories. Bel Fuse designs and manufactures products for various industries, including telecommunications, computing, and military.

Positive

• Regular quarterly cash dividends declared: $0.06 for Class A and $0.07 for Class B shares.
• Confidence in shareholder returns indicated by consistent dividend payments.

Negative

• None.

JERSEY CITY, N.J., Feb. 23, 2021 (GLOBE NEWSWIRE) -- BEL FUSE INC. (NASDAQ:BELFA) and (NASDAQ:BELFB) today announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares.

Cash dividends for Class A and Class B common shares are payable on April 30, 2021 to shareholders of record on April 15, 2021.

Bel currently has approximately 12,354,000 common shares outstanding, of which 2,145,000 are Class A common shares and 10,209,000 are Class B common shares.

About Bel
Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, medical, transportation and broadcasting industries. Bel's product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.

Investor Contact:		Company Contact:
Darrow Associates		Daniel Bernstein
tel 516.419.9915		President
pseltzberg@darrowir.com		ir@belf.com

FAQ

What is the dividend amount for BELFA and BELFB in 2021?

BELFA's dividend is $0.06 per share, while BELFB's is $0.07 per share.

When is the dividend payment date for BEL FUSE INC.?

The dividends are payable on April 30, 2021.

What is the record date for the dividend declaration by BEL FUSE INC.?

The record date for the dividends is April 15, 2021.