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0.000249397289882817 -0.00266023775874964 0.0112782996646992 0.00451686202787713 0.0239144290187602 0.0737800315903233 0.0779505084933632 0.071410757336437
Stock impact report

BGSF Returns Value To Investors With $2 Special Dividend [Yahoo! Finance]

BGSF, Inc. (BGSF) 
NASDAQ:AMEX Investor Relations: bgstaffing.investorroom.com
Company Research Source: Yahoo! Finance
per share, payable Sept. 30 to shareholders of record as of Sept. 23. The dividend follows the sale of its Professional Division and reflects its plan to return value to investors. Interim Co-CEOs Kelly Brown and Keith Schroeder said the dividend was the "most prudent step" to increase shareholder value while maintaining liquidity for future opportunities. Recently, the company completed the $99 million sale of its Professional Division to INSPYR Solutions , a portfolio company of A&M Capital Partners. Management said the proceeds will primarily be used to pay down debt and fund investments in its property management business. Also Read: Why Professional Diversity Network (IPDN) Stock Is Up Over 200% Friday BGSF plans to expand geographically, strengthen its specialized property management services, and scale operations to maintain financial stability. Brown and Schroeder said the divestiture positions the company to focus on its core strengths while creating long-term value. Show less Read more
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