BGSF, Inc. announced additional information regarding its pending special cash dividend of $2.00 per share. The NYSE has advised the company that its common shares will trade with 'due bills' representing an assignment of the right to receive the special cash dividend.
This 'due bills' period will run from the record date of September 23, 2025, through the closing of trading on NYSE on September 30, 2025, which is the payment date. The ex-dividend date for this special cash dividend is October 1, 2025.
The NYSE's requirement for 'due bills' trading is due to the fact that the $2.00 special cash dividend represents more than 25% of the trading price of the common stock. This procedural clarification is important for investors to understand how shares will trade around the dividend payment.
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