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Communications Systems, Inc., Declares Quarterly Dividend of $0.02 per Share

December 2, 2019 GMT

MINNETONKA, Minn.--(BUSINESS WIRE)--Dec 2, 2019--

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 that its Board of Directors has declared a cash dividend of $0.02 per common share. The dividend is payable on January 2, 2020, to shareholders of record as of December 13, 2019. This marks the 69 th 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 Statement

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 here 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191202005921/en/

CONTACT: Communications Systems, Inc.

Mark D. Fandrich

Chief Financial Officer

952-582-6416

mark.fandrich@commsysinc.comRoger H. D. Lacey

Chief Executive Officer

952-996-1674The Equity Group Inc.

Devin Sullivan

Senior Vice President

212-836-9608

dsullivan@equityny.comLena Cati

Vice President

212-836-9611

lcati@equityny.com

KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA

INDUSTRY KEYWORD: TECHNOLOGY SECURITY OTHER TECHNOLOGY SOFTWARE NETWORKS INTERNET PRIMARY/SECONDARY DATA MANAGEMENT EDUCATION

SOURCE: Communications Systems, Inc.

Copyright Business Wire 2019.

PUB: 12/02/2019 04:05 PM/DISC: 12/02/2019 04:05 PM

http://www.businesswire.com/news/home/20191202005921/en