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

Rhea-AI Summary

BEL FUSE INC. (NASDAQ: BELFA) announced a quarterly dividend of $0.06 per share for Class A common shares and $0.07 for Class B common shares. The dividends will be payable on July 31, 2020, to shareholders recorded by July 15, 2020. Bel currently has about 12.27 million common shares outstanding, with 2.15 million as Class A and 10.12 million as Class B. This move reflects the company's commitment to returning value to its shareholders.

Positive

• Quarterly cash dividends of $0.06 for Class A and $0.07 for Class B shares create income for shareholders.
• Approval of dividends indicates company confidence in its financial stability.

Negative

• None.

JERSEY CITY, N.J., May 06, 2020 (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 July 31,2020 to shareholders of record on July 15, 2020.

Bel currently has approximately 12,266,000 common shares outstanding, of which 2,145,000 are Class A common shares and 10,121,000 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.

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50%; width:50%; min-width:50%;">Investor Contact: Darrow Associates tel 516.419.9915 pseltzberg@darrowir.com

50%; width:50%; min-width:50%;">Company Contact: Daniel Bernstein President ir@belf.com

FAQ

What is the dividend amount for BELFA shares?

The dividend amount for BELFA shares is $0.06 per share.

When will the dividends for BELFA be paid?

Dividends for BELFA will be paid on July 31, 2020.

Who is eligible to receive the BELFA dividend?

Shareholders of record as of July 15, 2020, are eligible to receive the BELFA dividend.

How many shares of BELFA are outstanding?

BELFA currently has approximately 2,145,000 Class A common shares and 10,121,000 Class B common shares outstanding.