Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares
Bel Fuse Inc. (NASDAQ: BELFA and BELFB) has announced its regular quarterly cash dividends.
Rhea-AI Summary
Bel Fuse Inc. (NASDAQ: BELFA and BELFB) has announced its regular quarterly cash dividends. The company's Board of Directors declared 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 payable on November 1, 2024, to shareholders of record as of October 15, 2024. Bel Fuse currently has approximately 12,549,000 common shares outstanding, consisting of 2,116,000 Class A common shares and 10,433,000 Class B common shares.
Positive
- Regular quarterly dividend maintained, indicating financial stability
- Dividend payment demonstrates commitment to shareholder returns
- Different dividend rates for Class A and Class B shares, potentially optimizing shareholder value
Negative
- None.
Details
News Market Reaction – BELFA
The recorded move for BELFA in the trading session of this news was -4.84%.
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WEST ORANGE, N.J., Aug. 01, 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 November 1, 2024 to shareholders of record on October 15, 2024.
Bel currently has approximately 12,549,000 common shares outstanding, of which 2,116,000 are Class A common shares and 10,433,000 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 | |
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