dividend
confidence high
sentiment positive
materiality 0.75
Vistance Networks declares special $5.00 per share cash distribution funded by Ruckus sale
Vistance Networks, Inc.
- Special distribution of $5.00 per share payable on August 27, 2026 to holders of record on August 17, 2026.
- Distribution funded by cash proceeds from sale of Ruckus Networks business to Belden Inc. on July 1, 2026.
- Ex-dividend date set to August 28, 2026 per Nasdaq Rule 11140(b)(2) as distribution is 25%+ of stock value.
- Company expects distribution to be treated as return of capital for U.S. federal income tax purposes.
- Director Joanne M. Maguire retired effective August 4, 2026; no disagreement with company.