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) has declared quarterly cash dividends of $0.06 for Class A and $0.07 for Class B common shares. These dividends will be paid on May 1, 2023, to shareholders who are on record as of April 14, 2023. The company currently has approximately 12,785,000 common shares outstanding, which includes 2,142,000 Class A and 10,643,000 Class B shares. Bel Fuse designs and manufactures products used in various industries such as telecommunications, computing, and automotive.

Positive

• Declaring dividends of $0.06 and $0.07 per share indicates strong cash flow and commitment to shareholder returns.
• Shareholder payments scheduled for May 1, 2023, demonstrate timely dividend distribution.

Negative

• None.

JERSEY CITY, N.J., Feb. 28, 2023 (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 May 1, 2023 to shareholders of record on April 14, 2023.

Bel currently has approximately 12,785,000 common shares outstanding, of which 2,142,000 are Class A common shares and 10,643,000 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, high-speed data transmission, military, commercial aerospace, transportation and e-Mobility industries. Bel’s portfolio of products also finds application in the automotive, medical, broadcasting and consumer electronics markets. 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.

Company Contact:
Lynn Hutkin
VP of Financial Reporting and Investor Relations
ir@belf.com

Investor Contact:
Steven Hooser or Jean Marie Young
Three Part Advisors, LLC
(631) 418-4339

FAQ

What are the dividend amounts declared by Bel Fuse Inc. for 2023?

Bel Fuse Inc. has declared dividends of $0.06 per share for Class A and $0.07 per share for Class B.

When will the dividends be paid to shareholders of Bel Fuse Inc.?

The dividends will be paid on May 1, 2023, to shareholders of record as of April 14, 2023.

How many common shares does Bel Fuse Inc. have outstanding?

Bel Fuse Inc. has approximately 12,785,000 common shares outstanding.