Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares
Rhea-AI Summary
Bel Fuse Inc. has announced a regular quarterly cash dividend on its Class A and Class B shares. The Board of Directors declared dividends of $0.06 per share for Class A and $0.07 per share for Class B. The dividends will be payable on August 1, 2024, to shareholders of record on July 15, 2024. Bel currently has approximately 12,620,000 common shares outstanding, with 2,124,000 being Class A shares and 10,496,000 being Class B shares.
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News Market Reaction
On the day this news was published, BELFA declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
WEST ORANGE, N.J., April 30, 2024 (GLOBE NEWSWIRE) -- BEL FUSE INC. (NASDAQ:BELFA) and (NASDAQ:BELFB) today announced that its Board of Directors has declared regular quarterly cash dividends of
Cash dividends for Class A and Class B common shares are payable on August 1, 2024 to shareholders of record on July 15, 2024.
Bel currently has approximately 12,620,000 common shares outstanding, of which 2,124,000 are Class A common shares and 10,496,000 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 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: | Company Contact: | |
| Steven Hooser or Jean Marie Young | Lynn Hutkin | |
| Three Part Advisors, LLC | VP of Financial Reporting | |
| (631) 418-4339 | and Investor Relations | |
| ir@belf.com | ||
FAQ
What is the amount of the regular quarterly cash dividend for Bel Fuse Inc. Class A shares?
When will the dividends be payable for Class B common shares?
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