SolarWinds (SWI) Declares $1.50 Special Dividend; 13.3% Yield
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SolarWinds Announces Cash Dividend
July 30, 2021 4:30 PM EDTAUSTIN, Texas--(BUSINESS WIRE)-- SolarWinds Corporation (NYSE: SWI), a leading provider of simple, powerful, and secure IT management software, announced today a one-time cash dividend of $1.50 per common share, payable on August 24, 2021, to stockholders of record at the close of business on August 9, 2021. The per share cash dividend amount noted above reflects the companys reverse stock split that will become effective at 5:00 p.m. ET on Friday, July 30. On a pre-split basis, the one-time cash dividend would be approximately $0.75 per common share. The one-time cash dividend will be funded primarily from the net... More
