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

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.

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 $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, 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

FAQ

What is the dividend amount for Bel Fuse Inc. (BELFA) Class A shares?

Bel Fuse Inc. (BELFA) has declared a dividend of $0.06 per share for Class A common shares.

When is the dividend payment date for Bel Fuse Inc. (BELFA)?

The dividend payment date for Bel Fuse Inc. (BELFA) is November 1, 2024.

What is the record date for Bel Fuse Inc. (BELFA) dividend?

The record date for Bel Fuse Inc. (BELFA) dividend is October 15, 2024.

How many Class A common shares does Bel Fuse Inc. (BELFA) have outstanding?

Bel Fuse Inc. (BELFA) has approximately 2,116,000 Class A common shares outstanding.