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 clarification regarding its dividend declaration dated May 4, 2022. The cash dividends for Class A and Class B shares were reaffirmed at $0.06 and $0.07 per share, respectively. The payment date is set for August 1, 2022, with a record date of July 15, 2022. The company has approximately 12.5 million shares outstanding, with 2.1 million Class A shares and 10.4 million Class B shares.

Positive

• Regular quarterly cash dividends of $0.06 per share for Class A and $0.07 per share for Class B are confirmed.
• Stable dividend payment schedule strengthens shareholder confidence.

Negative

• None.

JERSEY CITY, N.J., May 11, 2022 (GLOBE NEWSWIRE) -- BEL FUSE INC. (NASDAQ:BELFA) and (NASDAQ:BELFB) is clarifying the dates contained in our press release dated May 4, 2022, where the date of record and payment date related to Bel’s recent dividend declaration were inadvertently switched. As previously announced on May 4, 2022, Bel’s Board of Directors had 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 August 1, 2022 to shareholders of record on July 15, 2022.

Bel currently has approximately 12,518,000 common shares outstanding, of which 2,145,000 are Class A common shares and 10,373,000 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.

Bel Fuse Inc.
206 Van Vorst Street
Jersey City, NJ 07302
www.belfuse.com
tel 201.432.0463
fax 201.432.9542

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 are the dividend amounts for BELFA and BELFB?

The dividend amounts are $0.06 per share for Class A shares (BELFA) and $0.07 per share for Class B shares (BELFB).

When is the payment date for the dividends declared by BEL FUSE?

The payment date for the declared dividends is August 1, 2022.

What is the record date for the BEL FUSE dividend payments?

The record date for the dividend payments is July 15, 2022.

How many shares does BEL FUSE have outstanding?

BEL FUSE has approximately 12,518,000 common shares outstanding.