Systemax, Inc. (SYX) Declares $6.50 Special Dividend

Systemax, Inc. (NYSE: SYX) declared a special dividend of $6.50 per share.

The dividend will be payable on January 3, 2019, to stockholders of record on December 24, 2018, with an ex-dividend date of December 21, 2018.

The annual yield on the special dividend is 25 percent.

Richard Leeds, Executive Chairman, said, "The return of capital to shareholders through this special dividend reflects the continued strong performance and cash flow generation of our industrial products business and the sale of our France operations, which generated gross proceeds of $270 million earlier this year. With a strong balance sheet which included over $300 million in cash at the end of the third quarter, and an undrawn $75 million credit facility, we will retain significant financial flexibility to execute on our organic growth strategy and actively seek strategic M&A."

For a dividend history and other dividend-related data on Systemax, Inc. (SYX) click here.

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