MINNETONKA, Minn.–(BUSINESS WIRE)–Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”),
a global provider of enterprise network infrastructure, voice and data
communication products and services for deployments and management of IT
networks, today announced that its Board of Directors has declared a
cash dividend of $0.02 per common share. The dividend is payable on July
1, 2019, to shareholders of record as of June 14, 2019. This marks the 67th
consecutive quarter that CSI has paid a dividend to its shareholders.
About Communications Systems
Communications Systems, Inc. provides connectivity infrastructure and
services for global deployments of broadband networks. Focusing on
innovative, cost-effective solutions, CSI provides customers the ability
to deliver, manage, and optimize their broadband network services and
architecture. From the integration of fiber optics in any application
and environment to efficient home voice and data deployments to
optimization of data and application access, CSI provides tools for
maximum utilization of the network from the edge to the user. With
partners and customers in over 50 countries, CSI has built a reputation
as a reliable global innovator focusing on quality and customer service.
Forward-Looking Statements
This press release includes certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding future financial performance, future
growth and future acquisitions. These statements are based on
Communications Systems’ current expectations or beliefs and are subject
to uncertainty and changes in circumstances. Actual results may vary
materially from those expressed or implied by the statements herein due
to changes in economic, business, competitive or regulatory factors, and
other risks and uncertainties affecting the operation of Communications
Systems’ business. These risks, uncertainties and contingencies are
presented in the Company’s Annual Report on Form 10-K and, from time to
time, in the Company’s other filings with the Securities and Exchange
Commission. The information set forth herein should be read in light of
such risks. Further, investors should keep in mind that the Company’s
financial results in any particular period may not be indicative of
future results. Communications Systems is under no obligation to, and
expressly disclaims any obligation to, update or alter its
forward-looking statements, whether as a result of new information,
future events, changes in assumptions or otherwise.
Contacts
Communications Systems, Inc.
Mark D. Fandrich
Chief Financial
Officer
952-582-6416
[email protected]
The Equity Group Inc.
Devin Sullivan
Senior Vice President
212-836-9608
[email protected]
Roger H. D. Lacey
Chief Executive Officer
952-996-1674
Lena Cati
Vice President
212-836-9611
[email protected]
