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 quarterly cash dividend of $0.06 per share for Class A and $0.07 per share for Class B common shares. These dividends are payable on February 1, 2022, to shareholders recorded as of January 14, 2022. The company has approximately 12.4 million common shares outstanding, with 2.1 million Class A and 10.3 million Class B shares. This regular dividend distribution reflects BEL's commitment to returning value to shareholders while maintaining robust operations across various industries.

Positive

• Regular quarterly cash dividends of $0.06 (Class A) and $0.07 (Class B) signal continued shareholder returns.
• The company has approximately 12.4 million shares outstanding, indicating solid share capital structure.

Negative

• None.

JERSEY CITY, N.J., Nov. 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 February 1, 2022 to shareholders of record on January 14, 2022. Bel currently has approximately 12,406,000 common shares outstanding, of which 2,145,000 are Class A common shares and 10,261,000 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:
Steven Hooser or Jean Young
Three Part Advisors, LLC
(214) 923-3937

Company Contact:
Lynn Hutkin
Director of Financial Reporting
ir@belf.com

FAQ

What are the dividend amounts for BEL FUSE INC. in 2022?

BEL FUSE INC. has declared a quarterly cash dividend of $0.06 per share for Class A and $0.07 per share for Class B common shares.

When is the dividend payment date for BEL FUSE INC.?

The dividends for BEL FUSE INC. are payable on February 1, 2022.

What is the record date for BEL FUSE INC. dividends?

The record date for BEL FUSE INC. dividends is January 14, 2022.

How many common shares are outstanding for BEL FUSE INC.?

BEL FUSE INC. has approximately 12,406,000 common shares outstanding.