MINNEAPOLIS, MN / ACCESSWIRE / December 13, 2016 / NASDAQ: ISIG announced on November 28, 2016 that its Board of Directors had declared a special cash dividend of $0.70 per share, payable on January 6, 2017 to shareholders of record on December 16, 2016.
All persons who own the stock on January 6, 2017, will receive the $0.70 special dividend regardless of whether or not they held the stock on the record date (December 16, 2016). The reason for this is the special rules applicable to dividends that are more than 25% of the market price of the stock. The only importance of the December 16, 2016, record date is that if the Company were to issue additional shares after December 16, the additional shares would not be eligible for the special dividend.
About Insignia Systems, Inc.
Insignia Systems, Inc. is a developer and marketer of innovative in-store products, programs, and services that help consumer goods manufacturers and retail partners drive sales at the point of purchase. Insignia provides at-shelf media solutions in approximately 13,000 retail supermarkets, 1,000 mass merchants, and 8,000 dollar stores. With a client list of over 200 major consumer goods manufacturers, including General Mills, Kraft Heinz Company, Nestlé, and P&G, Insignia helps major brands deliver on their key engagement, promotion, and advertising objectives right at the point-of-purchase. For additional information, contact (888) 474-7677, or visit the Insignia website at www.insigniasystems.com.
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Contact:
Insignia Systems, Inc.
Kristine Glancy, CEO
(763) 392-6200
SOURCE: Insignia Systems, Inc.
ReleaseID: 450987
