JERSEY CITY, NJ, May 11, 2022 (GLOBE NEWSWIRE) — BEL FUSE INC. (NASDAQ: BELFA) and (NASDAQ: BELFB) clarifies the dates contained in our press release of May 4, 2022, where the record date and pay date related to Bel’s recent dividend declaration were inadvertently reversed. As previously announced on May 4, 2022, Bel’s Board of Directors had 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 Class B common shares of the Company.

Cash dividends for Class A and Class B common shares are payable on August 1, 2022 to shareholders of record on July 15, 2022.

Bel currently has approximately 12,518,000 common shares outstanding, including 2,145,000 Class A common shares and 10,373,000 Class B common shares.

About Bel
beautiful (www.belfuse.com) designs, manufactures and markets a wide range 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 product portfolio also finds applications in the automotive, medical, broadcast and consumer electronics markets. Bel’s product groups include Magnetic Solutions (integrated connection modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mounted and industrial power products, modular products and circuit protection ) and Connectivity Solutions (bundle fiber optic extension, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.

Bel Fuse Inc.
206 Van Forest Street
Jersey City, New Jersey 07302
www.belfuse.com
Phone. 201.432.0463
fax 201.432.9542

Investor contacts:
Steven Hooser or Jean Marie Young
Three-Part Advisors, LLC
(631) 418-4339

Company Contact:
Lynn Hutkins
Director of Financial Information
[email protected]