Vistance Networks, Inc. (NASDAQ:VISN) Declares Dividend of $5.00

Vistance Networks, Inc. (NASDAQ:VISN) declared a dividend on Wednesday, August 5th. Investors of record on Monday, August 17th will be paid a dividend of 5.00 per share by the business services provider on Thursday, August 27th. The ex-dividend date of this dividend is Monday, August 17th.

Vistance Networks Stock Performance

VISN traded down $2.25 during midday trading on Thursday, reaching $10.10. 24,193,680 shares of the company were exchanged, compared to its average volume of 5,805,872. Vistance Networks has a one year low of $9.47 and a one year high of $20.55. The company’s fifty day moving average price is $12.29 and its 200 day moving average price is $15.31. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 0.34 and a beta of 2.36.

Institutional Investors Weigh In On Vistance Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VISN. State of Wyoming purchased a new stake in shares of Vistance Networks during the second quarter worth about $212,000. GSA Capital Partners LLP bought a new stake in Vistance Networks during the second quarter worth approximately $2,374,000. Finally, Bank of New York Mellon Corp purchased a new stake in Vistance Networks during the 2nd quarter valued at $10,674,000. Institutional investors own 88.04% of the company’s stock.

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.