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) has declared quarterly cash dividends of $0.06 for Class A shares and $0.07 for Class B shares. These dividends are payable on July 15, 2022, to shareholders on record by August 1, 2022. The company has approximately 12.5 million common shares outstanding, including 2.145 million Class A and 10.373 million Class B shares. Bel specializes in designing and manufacturing products for various sectors, including telecommunications, automotive, and consumer electronics.
Positive
- Dividend declaration reflects confidence in business stability.
- Regular cash dividends enhance shareholder value.
Negative
- None.
News Market Reaction – BELFA
In the trading session that priced this news, BELFA gained 1.43%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JERSEY CITY, N.J., May 04, 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
Cash dividends for Class A and Class B common shares are payable on July 15, 2022 to shareholders of record on August 1, 2022.
Bel currently has approximately 12,518,000 common shares outstanding, of which 2,145,000 are Class A common shares and 10,373,000 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 | |
