VerifyMe Declares $0.15 Special Dividend, Payable After Merger Close
VRME sits 35% above its 52-week low of $0.59 on elevated volume (6.1× avg).
Summary
VerifyMe's board declared a special cash dividend of $0.15 per share, payable on October 2, 2026 to holders of record on September 29, 2026, but only if the pending reverse merger with OpenWorld closes. The dividend is a new, concrete return of capital to shareholders, and at the current stock price of $0.795, it represents a yield of roughly 19% — a significant one-time payout. This follows the SEC's effectiveness of the S-4 and the upcoming September 24 stockholder vote on the merger. The dividend is contingent on that vote and other closing conditions, so it serves as an additional incentive for shareholders to approve the deal. The company's financials remain weak, with Q2 revenue down 58% and a Nasdaq delisting notice, but the dividend signals confidence in the merger's completion and provides immediate value to current holders.
At the time of this announcement, VRME was trading at $0.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $10.5M. The 52-week trading range was $0.59 to $1.51. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.