MCHX just declared a special dividend of $0.14 payable on December 31, 2012. This brings the dividend total for 2012 to $0.25.
should be interesting to see what shorts do here
Can anyone explain this price action today? You declare the acceleration of a years worth of dividends and the stock is down in an up market?
There must have been a rumor of the dividend. Buy the rumor and sell the news?
Or maybe someone thinks it is a reverse dividend where you have to pay the company $.14 ;-)