Magal Security Systems Stock Gains On Cash Distribution

Magal Security Systems Ltd. MAGS declared a cash distribution to shareholders of $1.725 per share (~$40 million in the aggregate).
The cash distribution will be paid in US$ on September 22, 2021, to shareholders of record on August 31, 2021. The ex-dividend date for NASDAQ trading will be September 23, 2021, the day after the payment date.
Magal Security Systems' name change to Senstar Technologies is pending.
Price Action: MAGS shares closed higher by 11.33% at $5.11 on Monday.

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