Why Are Communications Systems' Shares Trading Higher Today?

September 14, 2021 5:51 AM | 1 min read | Make a Comment

Communications Systems Inc's 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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