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

Rhea-AI Summary

Bel Fuse has declared its regular quarterly cash dividends for both share classes. Class A shareholders will receive $0.06 per share, while Class B shareholders will receive $0.07 per share. The dividends will be paid on January 31, 2025, to shareholders of record as of January 15, 2025. The company currently has approximately 2,115,000 Class A common shares and 10,432,000 Class B common shares outstanding, totaling 12,547,000 common shares.

Positive

• Regular dividend maintained, showing financial stability
• Total dividend payout of approximately $127,000 for Class A shares and $730,240 for Class B shares

Negative

• None.

WEST ORANGE, N.J., Oct. 29, 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 $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 January 31, 2025 to shareholders of record on January 15, 2025.

Bel currently has approximately 12,547,000 common shares outstanding, of which 2,115,000 are Class A common shares and 10,432,000 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: Steven Hooser or Jean Marie Young Three Part Advisors, LLC (631) 418-4339	Company Contact: Lynn Hutkin VP of Financial Reporting and Investor Relations ir@belf.com

FAQ

What is Bel Fuse's (BELFA) dividend amount for Q4 2024?

Bel Fuse's Class A shares (BELFA) will receive a dividend of $0.06 per share for Q4 2024.

When is Bel Fuse's next dividend payment date?

Bel Fuse's next dividend payment date is January 31, 2025, for shareholders of record as of January 15, 2025.

How many Class A shares does Bel Fuse have outstanding?

Bel Fuse has approximately 2,115,000 Class A common shares outstanding.

What is the difference between Bel Fuse's Class A and Class B dividend?

Bel Fuse's Class B shares receive $0.07 per share, while Class A shares receive $0.06 per share, a difference of $0.01 per share.