NovaBay declares 80c per share special cash dividend

NovaBay (NBY) announced its board of directors and the special transaction committee of the board of directors has declared a one-time special cash dividend of 80c per share of common stock. The special cash dividend will be payable on September 29, 2025 to stockholders of record as of the close of business on September 15. Because the payment of the special dividend represents more than 25% of the price of the company’s common stock, NYSE American has advised the company that its common stock will trade with “due bills” representing an assignment of the right to receive the special dividend from the record date of September 15 through the closing of trading on NYSE American on September 29, which is the payment date and the last day of trading before the September 30 ex-dividend date.