PORT WASHINGTON, N.Y.,
Dec. 8, 2020 /PRNewswire/ --
Systemax Inc. (NYSE: SYX), today announced
that its Board of Directors has declared a special cash dividend of
$2.00 per share to shareholders of
the company's common stock. The special dividend will be payable on
December 28, 2020 to shareholders of
record as of the close of business on December 18, 2020. A portion of this distribution
may be considered a return of capital for tax purposes. Additional
information regarding return of capital distributions are expected
to be made available at Systemax's investor relations website in
early 2021.
Richard Leeds, Executive
Chairman, said, "With this special dividend, our fourth in four
years, we will have paid to shareholders almost $500 million in dividends since 2018. Our strong
balance sheet, continued cash generation, and business momentum
provide significant flexibility to execute our strategic plan,
invest in our future growth, and to fund our regular quarterly
dividend."
About Systemax Inc.
Systemax Inc. (www.systemax.com), through its operating
subsidiaries, is a provider of industrial products in North America going to market through a system
of branded e-Commerce websites and relationship marketers. The
primary brand is Global Industrial.
Investor/Media Contact:
Mike
Smargiassi/ Ryan Golden
The Plunkett Group
212-739-6740
mike@theplunkettgroup.com/ ryan@theplunkettgroup.com
View original
content:http://www.prnewswire.com/news-releases/systemax-declares-2-00-per-share-special-dividend-301188431.html
SOURCE Systemax Inc.