Vistance Networks announced its Board of Directors has declared a one-time special cash distribution of $5.00 per share. The company will fund the payment using cash proceeds from the recent sale of its Ruckus Networks business to Belden Inc. on July 1, 2026.
Key Details
- Distribution Amount: $5.00 per share.
- Key Dates: The distribution is payable on August 27, 2026, to stockholders of record as of August 17, 2026. The ex-dividend date will be August 28, 2026.
- Tax Treatment: The company currently expects the distribution to be treated as a return of capital for U.S. federal income tax purposes, rather than a dividend, as it does not believe it has a meaningful amount of current and accumulated earnings.