Universal Safety Products, Inc. announced a one-time special cash dividend of $1.00 per share of common stock.
The dividend is a result of the successful sale of assets to Feit Electric Company.
The record date for the dividend is September 18, 2025, with a payment date of September 25, 2025.
Special Dividend Announcement
Board of Directors declared a $1.00 per share special cash dividend.
Record and Payment Dates
Dividend record date is September 18, 2025, and payment date is September 25, 2025.
Stock Trading Information
Trading with 'due bills' during the Dividend Right Period.
- The dividend represents an important milestone for stockholders and highlights the Company's value creation.
- Stock trading with 'due bills' signifies a unique trading period for shareholders.
- CEO's optimism for future growth and introduction of new products indicates a positive outlook for the company.
The special dividend marks a shift in the Company's strategy towards immediate value creation while planning for long-term growth.