JERSEY CITY, N.J., May 04, 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 July 30, 2021 to shareholders of record on July 15, 2021. Bel currently has approximately 12,346,000 common shares outstanding, of which 2,145,000 are Class A common shares and 10,201,000 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. Investor Contact: Darrow Associates tel 516.419.9915 firstname.lastname@example.orgCompany Contact: Daniel Bernstein President email@example.com
At this time, I'd like to turn the conference over to Mr. Dan Bernstein, President and Chief Executive Officer. Joining me on the call today is Farouq Tuweiq, our CFO; Craig Brosious, our Vice President of Finance; and Lynn Hutkin, our Director of Financial Reporting. Except for historical information contained on this call, the matters discussed on this call, such as statements regarding the anticipated impact of the acquired EOS Power business on our results, anticipated higher sales for our Magnetic Solutions group during the second and third quarters as a result of strong bookings in the first quarter, expectations regarding our scheduled backlog as an indicator of stronger sales in the second and third quarters, expected contributions to net earnings from our rms and EOS acquisitions, and cost savings from restructuring efforts, and our efforts to continue to optimize our cost structure are all forward-looking statements as described under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties.
NEW YORK, NY / ACCESSWIRE / May 3, 2021 / Bel Fuse, Inc. (FRA:BF2A) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 3, 2021 at 11:00 AM Eastern Time.