Key Highlights

  • Bel's $0.06 Class A quarterly dividend has an October 15, 2026 ex-dividend date and is payable October 30 to shareholders of record.
  • Second-quarter net sales were $210.7 million versus $168.3 million, up 25.1%, with gross margin of 39.9%.
  • GAAP net earnings attributable to Bel shareholders were $25.5 million, and non-GAAP net earnings were $39.1 million.
  • The company raised $441.6 million in net proceeds from an equity offering and paid down $197.5 million of debt.

Bel Fuse's (NASDAQ:BELFA) $0.06 Class A quarterly dividend yields 0.13% and sits beside second-quarter GAAP net earnings attributable to Bel shareholders of $25.5 million. The board declared it on August 3, 2026. The company paid $1.7 million in dividends to common shareholders in the first half of 2026.

Dividend Program and Shareholder Returns

Bel's board declared regular quarterly cash dividends of $0.06 per share on its Class A common shares and $0.07 per share on its Class B common shares on August 3, 2026. Both are payable October 30 to shareholders of record on October 15.

The company reported dividends paid to common shareholders of $1.7 million in the first six months of 2026 versus $1.7 million a year earlier. GAAP net earnings per Class A share were $1.79 diluted in the second quarter versus $2.03.

About the Company

Bel designs, manufactures and markets critical electronic components, systems and solutions for customers in aerospace, defense, industrial and data-driven markets. Its portfolio includes power systems, high-reliability connectors and cable assemblies, circuit protection and networking products. Class A shares trade as BELFA and Class B shares as BELFB on Nasdaq.

Financial Performance Behind the Payout

Bel announced preliminary results for the second quarter ended June 30, 2026. Net sales were $210.7 million versus $168.3 million, with Aerospace, Defense and Rugged Solutions at $110.5 million, up 20.3%, and Industrial Technology and Data Solutions at $100.2 million, up 31.1%. Gross margin was 39.9% versus 38.7%.

GAAP net earnings attributable to Bel shareholders were $25.5 million versus $26.9 million, after a $6.7 million redemption value adjustment on the noncontrolling interest. Non-GAAP net earnings attributable to Bel shareholders were $39.1 million versus $21.0 million. Adjusted EBITDA, a non-GAAP measure, was $48.9 million, or 23.2% of sales, versus $35.2 million, or 20.9%.

First-half net sales were $389.2 million versus $320.5 million, and first-half adjusted EBITDA was $83.3 million versus $66.1 million. The company describes its second-quarter figures as preliminary and subject to change before its Form 10-Q.

Equity Offering and the Enercon Interest

Bel received $441.6 million in net proceeds from issuing common stock and repaid $197.5 million under its revolving credit facility. At June 30 it had $306.1 million of cash and no long-term debt, versus $197.5 million of long-term debt at December 31, 2025. The chief executive officer said the proceeds support the acquisition of the remaining 20% of Enercon in early 2027, as well as future M&A and growth initiatives. The company currently owns 80% of Enercon.

The quarter also included the completion of the DataMate facility transition and ERP conversion, and defense-manufacturer qualification at the company's Slovakia site.

Outlook

Bel's third-quarter 2026 guidance is sales of $205 million to $225 million and gross margin of 39% to 41%, assuming continuation of current market conditions. The company states that bookings remained healthy in the quarter.