This ($1 a share) special dividend SBGI plans on paying out to shareholders, will it affect the stock price? Meaning, will the stock price drop by a dollar after the 30th of November? The reason I ask is because I just bought some shares in PTGI two days ago in anticipation of their special cash dividend of 2.50 a share. I was under the impression that it would be a cash pay out. Well, today they adjusted the stock price by 2.50 a share. Now my holdings are down by 2.50 a share. If they simply take it from the stock, I don't see how they can call that a special cash dividend?!