Vistance Networks announced its Board of Directors has approved a one-time special cash distribution of $1.50 per share. This distribution is part of the company's commitment to returning capital to shareholders and will be funded with available cash, including proceeds from the recent sale of its Ruckus Networks business.
Key Details
- Distribution Amount: $1.50 per share.
- Key Dates: The distribution will be paid on November 6, 2026, to stockholders of record as of October 26, 2026. The ex-dividend date is November 9, 2026.
- Total 2026 Distributions: This payment brings the total special distributions for the year to $16.50 per share.
- Tax Treatment: The company expects the distribution to be treated as a return of capital for U.S. federal income tax purposes, rather than a dividend, due to its current earnings and profits status.