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) declared quarterly cash dividends of $0.06 per share for Class A and $0.07 per share for Class B common shares.

The dividends will be payable on July 30, 2021 to shareholders of record as of July 15, 2021.

Currently, Bel has approximately 12,346,000 common shares outstanding, with 2,145,000 Class A and 10,201,000 Class B common shares.

Positive

• Regular cash dividends of $0.06 for Class A shares and $0.07 for Class B shares reflect a commitment to returning value to shareholders.
• The scheduled dividend payment suggests financial stability and confidence in ongoing operations.

Negative

• None.

JERSEY CITY, N.J., May 04, 2021 (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 30, 2021 to shareholders of record on July 15, 2021.

Bel currently has approximately 12,346,000 common shares outstanding, of which 2,145,000 are Class A common shares and 10,201,000 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 are the dividend amounts declared by Bel Fuse Inc.?

Bel Fuse Inc. declared quarterly cash dividends of $0.06 per share for Class A common shares and $0.07 per share for Class B common shares.

When is the dividend payment date for Bel Fuse Inc.?

The dividend payment date for Bel Fuse Inc. is July 30, 2021.

What is the record date for the dividends of Bel Fuse Inc.?

The record date for the dividends is July 15, 2021.

How many shares does Bel Fuse Inc. have outstanding?

Bel Fuse Inc. has approximately 12,346,000 common shares outstanding.

What is the significance of Bel Fuse Inc.'s dividend declaration?

The dividend declaration indicates the company's financial health and commitment to share value.