It announced its recent secondary offering on 2/22 AH, on 2/23, it announced it public offering price to be 10.95 per share.
Its high on 2/22 was 11.45 and it closed at 11.39 on 2/22; it dropped to as low as 10.96 on 2/23 and closed at 10.97 on that day.
A drop of about 42 cents after it announced its secondary. Would that consider as price drop?
It then closed at 10.99 on 2/24, right before it ex-div date of 2/27. Today it closed at 10.88, which was not bad, considering it was only 11 cents less than its closing price on Friday, only 1 cent more than its dividend. However, based on the track record of the last two months after its ex-div date, there is a good possibility that its price will continue to drop for another 10 cents (per day) for the next two days.
So better wait and see, before you celebrate too early. If it goes back up tomorrow, we can then start the celebration....