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 per share for Class A and $0.07 per share for Class B common shares. The dividends are payable on February 1, 2021, to shareholders on record as of January 15, 2021. Currently, Bel has approximately 12,359,000 common shares outstanding, with 2,145,000 designated as Class A and 10,214,000 as Class B. Bel designs and manufactures products for various industries, including telecommunications and aerospace.

Positive

• Declared quarterly cash dividends of $0.06 for Class A and $0.07 for Class B shares.
• Dividends reflect confidence in the company's financial health.

Negative

• None.

JERSEY CITY, N.J., Nov. 04, 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 February 1, 2021 to shareholders of record on January 15, 2021.

Bel currently has approximately 12,359,000 common shares outstanding, of which 2,145,000 are Class A common shares and 10,214,000 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: Darrow Associates tel 516.419.9915 pseltzberg@darrowir.com

Company Contact: Daniel Bernstein President ir@belf.com

FAQ

What is the dividend amount for BELFA and BELFB?

The dividend amount for BELFA is $0.06 per share and for BELFB is $0.07 per share.

When will the dividends be paid for BELFA and BELFB?

Dividends will be paid on February 1, 2021, to shareholders of record as of January 15, 2021.

How many common shares does Bel Fuse currently have outstanding?

Bel Fuse currently has approximately 12,359,000 common shares outstanding.

What are the classes of shares for Bel Fuse?

Bel Fuse has Class A common shares and Class B common shares.