Universal Safety’s $1 Special Dividend Triggers Due Bills as Shares Soar 75% in $380M Surge, Ranking 301st on NYSE American

On September 2, 2025, Universal Safety (UUU) surged 75.15%, with a trading volume of $380 million, ranking 301st in market activity. The rally followed the company’s announcement of a $1.00 per share special cash dividend, payable on September 25 to shareholders of record as of September 18. The payout stems from the sale of assets to Feit Electric Company earlier this year, a move the CEO highlighted as a strategic return of capital while retaining resources for future growth initiatives, including new product development.

The dividend, exceeding 20% of UUU’s stock price, triggered NYSE American’s “due bills” trading mechanism from September 18 to 25. Shareholders selling during this period will transfer their dividend rights to buyers, with brokers handling settlements. CEO Harvey B. Grossblatt emphasized the decision reflects a balance between immediate value creation and long-term opportunities, noting the board’s original plan had considered a larger payout linked to a full dissolution but opted instead to prioritize ongoing innovation and expansion.

Backtest results indicate the dividend announcement aligns with the company’s post-asset sale trajectory. The stock’s volatility and the due bill period underscore the need for investors to consult brokers before trading to understand implications. Universal Safety, a 56-year-old distributor of safety and security devices, remains focused on leveraging its heritage to drive future profitability while managing shareholder expectations through transparent capital allocation.