Universal Safety Products, Inc. Declares One-Time Special Cash Dividend of $1.00 per Share of Common Stock
Universal Safety Products (NYSE American: UUU) has announced a one-time special cash dividend of $1.00 per share of common stock. The dividend will be paid on September 25, 2025, to shareholders of record as of September 18, 2025.
The special dividend follows the successful sale of assets to Feit Electric Company earlier this year. CEO Harvey B. Grossblatt emphasized that while this dividend represents immediate value creation, the company will retain sufficient resources for future growth opportunities and new product development.
Due to the dividend's size (over 20% of stock price), shares will trade with "due bills" from September 18-25, 2025. Shareholders selling during this period will transfer their dividend rights to buyers.
Universal Safety Products (NYSE American: UUU) ha annunciato un dividendo speciale in contanti una tantum di 1,00 USD per azione di azioni ordinarie. Il dividendo sarà pagato il 25 settembre 2025 agli azionisti registrati alla data del 18 settembre 2025.
Questo dividendo speciale segue la vendita di asset a Feit Electric Company avvenuta con successo all'inizio dell'anno. L'amministratore delegato Harvey B. Grossblatt ha sottolineato che, pur rappresentando una distribuzione immediata di valore, la società manterrà risorse sufficienti per opportunità di crescita future e per lo sviluppo di nuovi prodotti.
Poiché l'importo del dividendo supera il 20% del prezzo delle azioni, i titoli saranno negoziati con 'due bills' dal 18 al 25 settembre 2025. Gli azionisti che venderanno in questo periodo trasferiranno il diritto al dividendo agli acquirenti.
Universal Safety Products (NYSE American: UUU) ha anunciado un dividendo especial en efectivo único de 1,00 USD por acción de acciones ordinarias. El dividendo se pagará el 25 de septiembre de 2025 a los accionistas registrados al 18 de septiembre de 2025.
Este dividendo especial sigue a la venta exitosa de activos a Feit Electric Company a principios de este año. El director ejecutivo Harvey B. Grossblatt destacó que, aunque este dividendo supone una creación inmediata de valor, la compañía mantendrá recursos suficientes para futuras oportunidades de crecimiento y para el desarrollo de nuevos productos.
Dado que el dividendo supera el 20% del precio de la acción, las acciones se negociarán con 'due bills' del 18 al 25 de septiembre de 2025. Los accionistas que vendan durante este periodo transferirán sus derechos al dividendo a los compradores.
Universal Safety Products (NYSE American: UUU)는 보통주 1주당 1.00달러의 일회성 특별 현금배당을 발표했습니다. 배당금은 2025년 9월 25일에 지급되며, 기준일은 2025년 9월 18일의 주주명부 등록자입니다.
이번 특별배당은 올해 초 Feit Electric Company에 자산을 성공적으로 매각한 데 따른 것입니다. CEO 하비 B. 그로스블랫은 이번 배당이 즉각적인 가치 창출을 의미하지만 회사는 향후 성장 기회와 신제품 개발을 위해 충분한 자원을 보유할 것이라고 강조했습니다.
배당 규모가 주가의 20%를 초과하므로 주식은 2025년 9월 18일부터 25일까지 '듀빌(due bills)' 조건으로 거래됩니다. 이 기간에 주식을 매도하는 주주는 배당 수취권을 매수자에게 이전하게 됩니다.
Universal Safety Products (NYSE American: UUU) a annoncé un dividende spécial en numéraire unique de 1,00 USD par action d'actions ordinaires. Le dividende sera versé le 25 septembre 2025 aux actionnaires inscrits au registre au 18 septembre 2025.
Ce dividende spécial fait suite à la cession réussie d'actifs à Feit Electric Company au début de l'année. Le PDG Harvey B. Grossblatt a souligné que, tout en constituant une création de valeur immédiate, la société conservera des ressources suffisantes pour des opportunités de croissance futures et le développement de nouveaux produits.
Étant donné que le montant du dividende dépasse 20 % du cours de l'action, les titres seront négociés avec des due bills du 18 au 25 septembre 2025. Les actionnaires qui vendront pendant cette période transféreront leur droit au dividende aux acheteurs.
Universal Safety Products (NYSE American: UUU) hat eine einmalige Sonderbardividende von 1,00 USD je Stammaktie angekündigt. Die Dividende wird am 25. September 2025 an die am 18. September 2025 eingetragenen Aktionäre ausgezahlt.
Die Sonderdividende folgt auf den erfolgreichen Verkauf von Vermögenswerten an Feit Electric Company Anfang des Jahres. CEO Harvey B. Grossblatt betonte, dass die Ausschüttung zwar sofortigen Wert schaffe, das Unternehmen jedoch ausreichende Mittel für künftiges Wachstum und die Entwicklung neuer Produkte zurückhalten werde.
Da die Dividende mehr als 20 % des Aktienkurses ausmacht, werden die Aktien vom 18. bis 25. September 2025 mit sogenannten due bills gehandelt. Aktionäre, die in diesem Zeitraum verkaufen, übertragen ihr Dividendenrecht auf die Käufer.
- One-time special cash dividend of $1.00 per share announced
- Successful completion of asset sale to Feit Electric Company
- Company retains resources for future growth and new product development
- Dividend amount is lower than initially planned under the full dissolution scenario
OWINGS MILLS, Md., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Universal Safety Products, Inc. (NYSE American: UUU) (the “Company”) today announced that its Board of Directors has declared a one-time special cash dividend of
Harvey B. Grossblatt, the Company’s President and CEO commented: “This special dividend marks an important milestone for our stockholders, representing a direct return of value from the successful sale of assets to Feit Electric Company earlier this year. While our original plan envisioned a larger dividend tied to a full dissolution, our stockholders chose a different path, one that positions the Company to grow and prosper. By returning meaningful capital today while preserving resources for the future, we are aligning our actions with both immediate value creation and long-term opportunity. I am truly excited about what lies ahead as we plan to introduce new products and services that we believe can unlock even greater stockholder value.”
Because the payment of the special dividend represents more than
Shareholders who sell their common stock during the Dividend Right Period (September 18, 2025 through September 25, 2025) will be selling their right to the special dividend, and such shareholders will not be entitled to receive the special dividend on September 25, 2025. Due bills obligate a seller of common stock to deliver the special dividend payable on such common stock to the buyer (the “Dividend Right”).
The special dividend record date of September 18, 2025 will be used as the date for establishing the due bill tracking of the Dividend Right to the holder of common stock. Due bill obligations are customarily settled between the brokers representing the buyers and the sellers of shares. The Company has no obligation for either the amount of the due bill or the processing of the due bill. Buyers and sellers of the Company’s common stock should consult their brokers before trading to be sure they understand the effect of NYSE American’s due bill procedures.
About Universal Safety
Universal Safety Products, Inc. is a distributor of safety and security devices. Founded in 1969, the Company has an over 56-year heritage of developing innovative and easy-to-install products. For more information on Universal Safety Products, Inc., visit our website at www.universalsafetyprod.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.universalsafetyprod.com.
Contact: Harvey Grossblatt, CEO
Universal Safety Products, Inc.
(410) 363-3000, Ext. 224
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