Systemax (SYX) will pay a special cash dividend of $1.00 per share in July 2018. This follows a special dividend of $1.50 per share paid this January by the company.

The dividend will be payable on July 2, 2018 to shareholders of record as of the close of business on June 25, 2018. The company's regular quarterly dividend of $0.11 per share yields 1.2%.

Richard Leeds, Executive Chairman, said, "With a solid balance sheet and the strong performance of our businesses we are pleased to announce our second special dividend in the past six months. We remain committed to returning capital to shareholders through our quarterly dividend and maintain significant flexibility to continue to invest in our growth opportunities and explore strategic M&A."

Systemax Inc. is a direct marketer of brand name and private label products. The company sells maintenance, repair and operational products in North America and offers a selection of products that are manufactured for its own design and marketed under the trademarks: Global, GlobalIndustrial.com, Nexel Relius, Paramount and Interion. Its Consumer Electronics products include television and video; audio; cameras and surveillance; Global Positioning System (GPS); cell phones; video games, and home and electronics accessories.