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

Vistance Networks, Inc. (NASDAQ:VISN) declared a special dividend on Wednesday, October 14th. Stockholders 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 Performance

Vistance Networks stock opened at $5.90 on Thursday. The company’s fifty day moving average price is $7.87 and its 200 day moving average price is $11.67. Vistance Networks has a 1 year low of $5.85 and a 1 year high of $20.55. The stock has a market capitalization of $1.36 billion, a P/E ratio of 0.19 and a beta of 2.38.

About Vistance Networks

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.