On October 14, 2026, Vistance Networks announced that its Board of Directors approved a special cash distribution of $1.50 per share. The distribution is scheduled to be paid on November 6, 2026.
Distribution Details
Vistance Networks announced a special cash distribution of $1.50 per share, payable on November 6, 2026. Shareholders who hold shares of common stock as of the close of business on October 26, 2026, will receive the payment.
Pursuant to Nasdaq Rule 11140(b)(2), the ex-dividend date is set for November 9, 2026, because the special cash distribution amount totals 25% or greater of the company common stock's value.
Funding and Capital Allocation
The company stated it expects to fund the distribution using available cash, which includes proceeds from the July 1, 2026 sale of its Ruckus Networks business.
According to President and Chief Executive Officer Chuck Treadway, the payout brings total special distributions for the year to $16.50 per share. Treadway noted that the distribution aligns with the company's capital allocation strategy and ongoing share repurchase program while supporting Aurora Networks' strategic plan.
Key facts and where they come from
- Vistance Networks approved a special cash distribution of $1.50 per share.
approved a special cash distribution of $1.50 per share, payable on November 6, 2026
- The distribution is payable to holders of record as of October 26, 2026.
payable on November 6, 2026, to holders of record of its common stock as of the close of business on October 26, 2026.
- The ex-dividend date is scheduled for November 9, 2026.
the ex-dividend date will be November 9, 2026, the first business day following the payment date.
- The distribution will be funded using available cash including Ruckus Networks sale proceeds.
expects to fund the special cash distribution with available cash, including proceeds from the July 1, 2026 sale of its Ruckus Networks business.