BGSF Returns Value To Investors With $2 Special Dividend

Group 1 - BGSF Inc. announced a special cash dividend of $2.00 per share, payable on September 30 to shareholders of record as of September 23, following the sale of its Professional Division [1][2] - The company completed the $99 million sale of its Professional Division to INSPYR Solutions, with proceeds primarily aimed at paying down debt and funding investments in its property management business [2][3] - Interim Co-CEOs emphasized that the dividend is a prudent step to enhance shareholder value while ensuring liquidity for future opportunities [1][3] Group 2 - BGSF plans to geographically expand and strengthen its specialized property management services to maintain financial stability [3] - The divestiture allows the company to focus on its core strengths and create long-term value [3] - BGSF shares increased by 14.37% to $7.320 following the announcement [4]