Edition:
United Kingdom

Communications Systems Announces Year End Corporate Restructuring And Reduction Of Its Quarterly Dividend


Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Communications Systems Inc ::COMMUNICATIONS SYSTEMS INC. ANNOUNCES YEAR END CORPORATE RESTRUCTURING AND REDUCTION OF ITS QUARTERLY DIVIDEND.COMMUNICATIONS SYSTEMS INC - WILL INITIATE A SERIES OF RESTRUCTURING MEASURES BY YEAR END.COMMUNICATIONS SYSTEMS - RESTRUCTURING TO ACHIEVE ABOUT $2.5 MILLION IN ANNUAL COST SAVINGS, EXCLUDING ONE-TIME COSTS TO BE LARGELY EXPENSED IN 2018 Q4.COMMUNICATIONS SYSTEMS INC - RESTRUCTURING MEASURES WILL INCLUDE JOB ELIMINATIONS.COMMUNICATIONS SYSTEMS INC - DECLARED QTRLY CASH DIVIDEND OF $0.02 PER COMMON SHARE.COMMUNICATIONS SYSTEMS INC - QTRLY DIVIDEND REPRESENTS A REDUCTION OF $0.02 PER SHARE FROM DIVIDEND OF $0.04 LAST PAID ON OCTOBER 1, 2018. 

Company Quote

2.74
-0.13 -4.53%
24 May 2019