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 shares and $0.07 per share for Class B shares. The dividends are payable on April 29, 2022, to shareholders on record by April 15, 2022. Bel has about 12.5 million common shares outstanding, with approximately 2.1 million Class A and 10.4 million Class B shares. The company specializes in manufacturing products for various industries including telecommunications and aerospace.

Positive

• Declaring a quarterly dividend shows the company's commitment to returning value to shareholders.
• Dividend of $0.07 for Class B shares is higher than that for Class A, indicating a tiered distribution strategy.

Negative

• None.

JERSEY CITY, N.J., March 07, 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 April 29, 2022 to shareholders of record on April 15, 2022.

Bel currently has approximately 12,522,000 common shares outstanding, of which 2,145,000 are Class A common shares and 10,377,000 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 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 declared by Bel Fuse Inc.?

Bel Fuse Inc. declared a dividend of $0.06 per share for Class A shares and $0.07 per share for Class B shares.

When will the dividends be paid to shareholders?

The dividends will be paid on April 29, 2022, to shareholders of record on April 15, 2022.

How many shares are outstanding for Bel Fuse Inc.?

Bel Fuse Inc. has approximately 12,522,000 common shares outstanding.

What are the stock symbols for Bel Fuse Inc.?

The stock symbols for Bel Fuse Inc. are BELFA for Class A and BELFB for Class B.