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Penwest Pharmaceuticals (PPCO) Message Board

dhsm_64 1 post  |  Last Activity: May 24, 2015 5:34 PM Member since: Oct 9, 2000
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    Dividend reduced to less than 1/2 annually

    by hlzt37 May 23, 2015 8:16 AM
    dhsm_64 dhsm_64 May 24, 2015 5:34 PM Flag

    The dividend is going to be $1.20 per shr . Based on $20 per shr that 6% based on current p[rice of 18+ it's 6.6%. The dividend before the split we .68 per shr although in their 2014 annual report it said .70. There has been quite a bit of hair cutting . First with the Aple 8 reduction to merge with 7 and 9 and then with the dividend cut from .68(.70) to the current 1.20 or .60 post split. Additionally the cost basis for most of us is closer to 11 than 10.50. but assume it's 10.50 then the current trading price of the stock is another potential loss as it should have come public at $21. At current price of 18 that's another $3 loss.That's the real math!