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Prophase PRPH announces special divi $.25/share

Posted on 11/27/19 at 11:43 am
Posted by Jjdoc
Cali
Member since Mar 2016
53469 posts
Posted on 11/27/19 at 11:43 am
ex date is Dec 2nd.


Merry Christmas???
quote:


ProPhase Labs, Inc. (NASDAQ: PRPH, www.ProPhaseLabs.com), a vertically integrated manufacturer, marketer and distributor of a diversified range of over-the-counter dietary supplements (“ProPhase” or “Company”), announced today that its Board of Directors has declared a special cash dividend in the amount of $0.25 per share on its common stock, payable on December 12, 2019 to stockholders of record as of December 3, 2019.

“We are very pleased to be able to reward our stockholders with this special cash dividend. This dividend provides an immediate benefit to our stockholders, while allowing us to remain well positioned for future growth with ample liquidity for strategic opportunities that may arise,” said Ted Karkus, Chairman and Chief Executive Officer of ProPhase.



Up 92% over the past 5 years, down 28% this year.

As of this posting, trading at $2.00 Two Dollars.

Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 11/27/19 at 2:48 pm to
You realize that the market price of PRPH will be adjusted down by $.25/share when it opens for trading on the ex-div date, right?
Posted by Jjdoc
Cali
Member since Mar 2016
53469 posts
Posted on 11/27/19 at 5:25 pm to
As they always do with every dividend. Yes.



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