- Communications Systems Inc’s (NASDAQ:JCS) board declared a special dividend of $3.50 per share payable on October 15 to shareholders of record on September 30.
- The net proceeds of the sale of CSI’s Transition Networks and Net2Edge businesses and CSI’s existing cash on hand will help to fund the special dividend worth $34 million.
- Communications Systems held $21.1 million in cash and equivalents as of June 30.
- Price Action: JCS shares traded higher by 39.1% at $9.39 in the premarket session on the last check Tuesday.
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