Why UUU Stock Surged 26% in Premarket: Special Dividend Announcement Drives Gains

Universal Safety Products (UUU) shares experienced a significant surge of over 26% in premarket trading on Tuesday, reaching $4.15 per share as investors reacted to the company’s announcement of a substantial one-time special cash dividend. The building products and equipment distributor declared a $1.00 per share dividend, exceeding 20% of the stock’s Friday closing price of $3.30.