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Universal Safety Products, Inc. Declares One-Time Special Cash Dividend of $1.00 per Share of Common Stock
Globenewswireยท 2025-09-02 10:45
Core Viewpoint - Universal Safety Products, Inc. has declared a one-time special cash dividend of $1.00 per share, marking a significant return of value to shareholders following the successful sale of assets to Feit Electric Company earlier this year [1][2]. Dividend Announcement - The record date for the special dividend is September 18, 2025, with the payment date set for September 25, 2025 [1]. - The special dividend represents more than 20% of the stock price, leading to the stock trading with "due bills" from the record date through the payment date [2]. Shareholder Information - Shareholders selling their stock during the Dividend Right Period (September 18, 2025, to September 25, 2025) will forfeit their right to the special dividend [3]. - Due bills will be settled between brokers, and the company has no obligation regarding the due bill amount or processing [4]. Company Background - Universal Safety Products, Inc. is a distributor of safety and security devices, with over 56 years of experience in developing innovative products [5].