You are 100% correct. I'm surprised there isn't some sort of article or red flag or something that popped up. I'm a long term WAG holder, so the news is great, the pop was nice, but what the hell?? 16 mil shares exchanging hands? The whole day I was watching WAG go up on serious volume and could not figure out what was going on, then at 4pm they increase the dividend...suspect!
I've got to disagree with you. If you have followed WAG for any length of time, or if you followed the yahoo headlines on WAG, you knew that a dividend increase was imminent. WAG price increased by 2.44%, 2.47% and 3.01% on Mon, Tues, Wed. Each day the volume picked up. It was a combination of the universal knowledge that WAG was oversold after q3 earnings miss and that a dividend increase was imminent. Management and BOD has no history of leaking important news, and did not do so here. You should have seen it coming. I did. See my post, just before noon Wednesday.