Universal Safety Products, Inc. (AMEX:UUU) shares skyrocketed 60% in early Tuesday trading after the company declared a one-time special cash dividend of $1.00 per common share.
The dividend will be distributed on September 25, 2025, to investors holding shares as of September 18, 2025. The move comes after the company’s successful asset sale to Feit Electric Company earlier this year, providing a sizable return of capital to shareholders.
Harvey B. Grossblatt, President and CEO, emphasized the significance of the payout: “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.”
Given the size of the payout—worth more than 20% of the company’s stock price—the NYSE American confirmed that UUU shares will trade with “due bills” from September 18 through September 25. This means that any investor selling shares during that window will also transfer the right to receive the dividend to the buyer.
The stock will begin trading ex-dividend on September 26, at which point new purchasers will no longer be eligible for the $1 distribution.
Management highlighted that the dividend not only rewards shareholders but also preserves sufficient capital for future expansion, including the rollout of new products and services.
Universal Safety Products stock price
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