Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares

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Rhea-AI Summary

BEL FUSE INC. (NASDAQ:BELFA, BELFB) has declared quarterly cash dividends of $0.06 per share for Class A and $0.07 for Class B common shares. These dividends are payable on November 1, 2021, to shareholders on record as of October 15, 2021. With approximately 12,415,000 shares outstanding, the distribution reflects the company's commitment to delivering returns to its investors. Bel Fuse designs and manufactures products serving diverse industries including telecommunications and aerospace.

Positive

Quarterly cash dividends of $0.06 for Class A and $0.07 for Class B shares indicate financial stability.
The scheduled payment date of November 1 demonstrates timely returns to shareholders.

Negative

None.

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08/03/2021 - 08:42 AM

JERSEY CITY, N.J., Aug. 03, 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 November 1, 2021 to shareholders of record on October 15, 2021.

Bel currently has approximately 12,415,000 common shares outstanding, of which 2,145,000 are Class A common shares and 10,270,000 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.