Yes, the dividend, when finally declared, went up. That would also be a positive as to share price. The other thing that happened was the company announced that previous released numbers were incorrect, and it still has not filed its 2012 10-K form with the S.E.C., saying because of the errors and corrections it needs up to two weeks more to file its late 10-K. The bottom line numbers were apparently not affected by the error the company has discovered (it blames a third-party's software product), but "core earnings" were. And the new dividend, as I read it, is all but one cent of the previous quarter's downward-revised core earnings. In some cases, accounting irregularities can be a negative as to share price. Now, I am not a C.P.A. but there is the obvious question as to whether they took the dividend up to within a penny of core earnings to offset any whacks they might take in share price from the accounting mistakes. I'm not smart enough to prove that, but I wonder. And thus I wonder whether the share price will open up, down, or about the same, when trading begins today.
(I knew when I went to bed last night that the 10-K ,due April 1, still was not showing on the S.E.C. website, and I was pretty sure there was something going on. I pretty much concluded whatever it was somehow was related to the slow declaration of the dividend. Got up this morning and saw the announcement. Wow. Anybody can get hit by a third-party's foulup, but at least short-term I've lost a little respect. Now, give me 50 push-ups, WMC accountants.)