dividend
confidence high
sentiment neutral
materiality 0.60
Safeguard Scientifics declares $0.35 special dividend contingent on reverse/forward stock split and going private
SAFEGUARD SCIENTIFICS INC
- Special cash dividend of $0.35 per share, payable Dec 28 to holders of record Dec 19.
- Dividend contingent on shareholder approval of reverse and forward stock split at Dec 15 special meeting.
- Payment part of plan to cease SEC registration and delist from Nasdaq (going-private transaction).
- Shares will trade with due bills from record date through payment date (Dec 19-28); ex-div Dec 29.
- Company expects dividend treated as return of capital for U.S. federal tax purposes.