Bel Fuse Inc. Announces Regular Quarterly Cash Dividend

Rhea-AI Summary

BEL FUSE INC. (NASDAQ:BELFA, BELFB) has declared quarterly cash dividends of $0.06 per share for Class A common shares and $0.07 per share for Class B common shares. These dividends will be paid on February 1, 2023, to shareholders on record as of January 13, 2023. The company has approximately 12,480,000 shares outstanding, consisting of 2,142,000 Class A and 10,338,000 Class B shares.

Positive

• Declared quarterly cash dividends of $0.06 and $0.07 for Class A and Class B shares respectively.
• Total of approximately 12,480,000 common shares outstanding, demonstrating a solid shareholder base.

Negative

• None.

JERSEY CITY, N.J., Nov. 01, 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 February 1, 2023 to shareholders of record on January 13, 2023.

Bel currently has approximately 12,480,000 common shares outstanding, of which 2,142,000 are Class A common shares and 10,338,000 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 are the dividend amounts for BEL FUSE INC. in 2023?

BEL FUSE INC. announced $0.06 per share for Class A and $0.07 per share for Class B common shares.

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

The dividends are payable on February 1, 2023, to shareholders of record on January 13, 2023.

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

BEL FUSE INC. has approximately 12,480,000 common shares outstanding.