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 for Class B common shares. These dividends are payable on November 1, 2022 to shareholders recorded by October 14, 2022. With approximately 12.5 million common shares outstanding, including 2.14 million Class A and 10.34 million Class B shares, this announcement reflects the company's commitment to returning value to its shareholders.

Positive

• Declared quarterly cash dividends of $0.06 for Class A and $0.07 for Class B shares.
• Dividends payable to shareholders on November 1, 2022, signaling strong financial health.

Negative

• None.

JERSEY CITY, N.J., Aug. 02, 2022 (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 November 1, 2022 to shareholders of record on October 14, 2022. Bel currently has approximately 12,485,000 common shares outstanding, of which 2,142,000 are Class A common shares and 10,343,000 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.

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

Company Contact:
Lynn Hutkin
Director of Financial Reporting
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, it is $0.07 per share.

When will the dividends for BEL FUSE INC. be paid?

The dividends will be paid on November 1, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is October 14, 2022.

How many common shares does BEL FUSE INC. have outstanding?

BEL FUSE INC. has approximately 12,485,000 common shares outstanding.