Communications Systems, Inc. (JCS) To Go Ex-Dividend on September 14th
Communications Systems, Inc. (NASDAQ:JCS) announced a quarterly dividend on Thursday, August 24th, Zacks reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.04 per share by the communications equipment provider on Monday, October 2nd. This represents a $0.16 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, September 14th.
Shares of Communications Systems (NASDAQ JCS) traded up 0.2572% during mid-day trading on Wednesday, hitting $4.2108. The stock had a trading volume of 5,324 shares. Communications Systems has a 52-week low of $3.41 and a 52-week high of $5.44. The stock’s 50-day moving average price is $3.93 and its 200-day moving average price is $4.33. The firm’s market cap is $37.71 million.
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In other news, Director Curtis A. Sampson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average cost of $3.97 per share, for a total transaction of $39,700.00. Following the acquisition, the director now directly owns 634,636 shares in the company, valued at $2,519,504.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.50% of the stock is owned by insiders.
A number of analysts have recently commented on JCS shares. Northland Securities set a $6.00 price target on Communications Systems and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. ValuEngine raised Communications Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut Communications Systems from a “hold” rating to a “sell” rating in a research report on Friday, August 25th.
About Communications Systems
Communications Systems, Inc (CSI) operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Company operates through three segments: Suttle, Transition Networks and JDL Technologies (JDL). The Company provides physical connectivity infrastructure products and services for global deployments of broadband networks.
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