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Aberdeen Asia-Pacific Income Fu Message Board

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  • Sapper588 Sapper588 Feb 13, 2000 8:58 AM Flag

    Dividend cut?

    I would expect FAX to drop below $5 the day after
    the dividend reduction is announced. You might also
    notice some weakness in the days immediately prior to
    the announcement. Bottom might be in as few as two
    days after the announcement.
    As one recent
    example, LTC announced a dividend reduction last week -
    $39 to $.29. They also held a conference call which
    went well in my opinion. This CC and the fact that the
    LTC share price had fallen about 30%already probably
    helped the stock as its price fell only 5% after the
    announcement.

 
FAX
4.73+0.02(+0.42%)Jul 31 4:03 PMEDT