PIP will be providing a special dividend of $2.90 per share in February. The stock is currently priced at $3.40. Would this special dividend lead to a decrease in the stock price of $2.90 on the ex dividend date (similar to regular dividends)? The only reason I ask is because on the day of the announcement of the special dividend in November, PIP was trading around $2.90.
Submitted January 12, 2017 at 09:45AM by cyama512 http://ift.tt/2jA1dfJ
