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Communications Systems Declares Special Dividend

Published September 13, 2021 04:35 PM EDT on BusinessWire

Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”), today announced that its board of directors has declared a special dividend of $3.50 per share payable on October 15, 2021, to CSI shareholders of record at the close of business on September 30, 2021. The aggregate amount of the special dividend is approximately $34.0 million, to be funded from the net proceeds of the sale of CSI’s Transition Networks and Net2Edge businesses, which comprised substantially all of the assets of the Company’s Electronics & Software Segment to Lantronix, Inc. (Nasdaq: LNXT) that closed on August 2, 2021, and CSI’s existing cash on hand.... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
COMMUNICATIONS SYSTEMS 5.09   0.0 0.00 0.08 1.62

COMMUNICATIONS SYSTEMS - JCS
COMMUNICATIONS SYSTEMS - JCS  


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