Werner Enterprises (WERN) declared a special cash dividend of $3.75 per common share payable to shareholders of record at the close of business on May 24. It closed today at $32.82 (+ 3.34%). A $1,000 investment would get you ~30 shares, equating to a ~$114 payout, a 11% gain. Is this a no-brainer?

Link to article of announcement

https://finance.yahoo.com/news/werner-enterprises-announces-special-quarterly-223000872.html

I know when a company pays out dividends, it is taken out of the share price, but it is so strange to see a company GAIN 3% on an announcement such as this (announced yesterday).

What am I missing?

Submitted May 15, 2019 at 04:08PM by TheCtrlLeftiscrazy http://bit.ly/2Hocuxa

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Werner Enterprises (WERN) declared a special cash dividend of $3.75 per common share payable to shareholders of record at the close of business on May 24. It closed today at $32.82 (+ 3.34%). A $1,000 investment would get you ~30 shares, equating to a ~$114 payout, a 11% gain. Is this a no-brainer?

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Werner Enterprises (WERN) declared a special cash dividend of $3.75 per common share payable to shareholders of record at the close of business on May 24. It closed today at $32.82 (+ 3.34%). A $1,000 investment would get you ~30 shares, equating to a ~$114 payout, a 11% gain. Is this a no-brainer?

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