BGSF, Inc. announced that its Board of Directors has authorized and declared a special cash dividend of $2.00 per share of the company's common stock. This dividend is payable on September 30, 2025, to holders of record as of the close of business on September 23, 2025.
Interim Co-CEOs Kelly Brown and Keith Schroeder stated that this initial step in the allocation of capital received from the sale of the Professional Division was deemed the most prudent action to increase shareholder value. The dividend reflects the company's commitment to returning value to investors following its strategic transformation.
The special dividend follows the successful closing of the divestiture of BGSF's Professional Division for $99 million in cash. This move underscores the company's new financial flexibility and its focused approach to capital allocation.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.