Vistance Networks, Inc. (NASDAQ:VISN) Shares Set to Pay Special Dividend of $1.50

Vistance Networks, Inc. (NASDAQ:VISN) declared a special dividend on Wednesday, October 14th. Shareholders of record on Monday, October 26th will be paid a dividend of $1.50 per share by the business services provider on Friday, November 6th. This is a 70.0% decrease from Vistance Networks’s previous special dividend of $5.00.

Vistance Networks Stock Down 3.6%

Shares of VISN opened at $5.90 on Thursday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 5.42 and a beta of 2.38. The business’s 50 day moving average is $7.87 and its two-hundred day moving average is $11.67. Vistance Networks has a 52-week low of $5.85 and a 52-week high of $20.55.

Vistance Networks Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.