Novabay Stock Soars 87.99% on Special Dividend Announcement

On August 27, 2025, Novabay's stock surged by 87.99% in pre-market trading, marking a significant rise that has captured the attention of investors and analysts alike.

The surge in Novabay's stock price can be attributed to the company's recent announcement of a one-time special cash dividend of $0.80 per share. This dividend, payable on September 29, 2025, to stockholders of record as of September 15, 2025, has been seen as a strategic move by the company to return value to its shareholders.

This dividend announcement comes as part of a broader strategy by Novabay to enhance shareholder value. The company has also entered into a $6 million securities purchase agreement with an investor, further bolstering its financial position and investor confidence.

Analysts have noted that the dividend is a significant catalyst for the stock's recent performance, as it represents a substantial return on investment for shareholders. The move is seen as a positive indicator of the company's financial health and its commitment to rewarding its investors.