Universal Safety Products Declares One-Time $1 Special Dividend

September 2, 2025

DENVER, Colo., Sep 02, 2025 (247marketnews.com)- Universal Safety Products (NYSE:UUU) declared a one-time special cash dividend of $1.00 per share of its outstanding common stock. The dividend will be paid on September 25, 2025, to shareholders of record as of September 18, 2025.

Because the dividend exceeds 20% of the Company’s stock price, NYSE American has implemented “due bill” trading rules for the distribution. This means the stock will trade with an attached dividend entitlement (a “due bill”) from September 18 through the close of trading on September 25, 2025. Investors who sell shares during this period will also be transferring their right to the dividend.

The ex-dividend date, the first date the stock will trade without the dividend, is set for September 26, 2025.

Harvey B. Grossblatt, President and CEO of Universal Safety Products, stated, “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.”

Buyers and sellers should consult their brokers to ensure they understand how the due bill process works and how it may affect their eligibility for the dividend. Universal Safety Products emphasized that it holds no responsibility for the settlement or delivery of due bills, which are typically managed by brokerage firms.

This special dividend underscores the Company’s cash position and may signal management’s confidence in its ongoing operations, although no forward guidance was issued with the announcement.

About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here.

24/7 MARKET NEWS, INC Disclaimer
Please go to https://247marketnews.com/disclaimer/ for disclaimer information.

CONTACT:
24/7 Market News
Editor@247marketnews.com

Related news for (UUU)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.