Communications Systems (JCS) Lowers Quarterly Dividend 75% to $0.04; Enters Amended, Restated Credit Agreement
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Communications Systems, Inc. Declares Quarterly Dividend of $0.04 Per Share and Increases Line of Credit from $10 Million to $15 Million
August 18, 2016 9:01 AM EDTMINNETONKA, Minn.--(BUSINESS WIRE)-- Communications Systems, Inc. (NASDAQ: JCS) (CSI or the Company), a global provider of physical connectivity infrastructure and services for deployments of broadband networks, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.04 per common share. The dividend will be payable on October 3, 2016 to shareholders of record as of September 15, 2016. The quarterly dividend announced today represents a reduction of $0.12 per share, or approximately $4.2 million on an annualized basis, from the regular quarterly dividend of $0.16 per share last paid on July 1, 2016. This marks the... More
