Why PagSeguro Digital Stock Soared Almost 13% Higher Today
There's nothing like an unexpected payout to juice interest in a stock. The market was clearly caught a little off guard by PagSeguro Digital's (NYSE: PAGS) announcement of a special cash dividend, and it reacted accordingly. Investors piled into the Brazilian fintech to the point where it closed the day nearly 13% higher, a far better improvement than the under 1% gain posted by the S&P 500 index. That morning, PagSeguro announced that it will pay its stockholders $0.12 per each of its common shares as a special dividend. This is to be dispensed on Aug. 15 to investors of record as of July 16. Image source: Getty Images.Continue reading
There's nothing like an unexpected payout to juice interest in a stock. The market was clearly caught a little off guard by PagSeguro Digital's (NYSE: PAGS) announcement of a special cash dividend, and it reacted accordingly. Investors piled into the Brazilian fintech to the point where it closed the day nearly 13% higher, a far better improvement than the under 1% gain posted by the S&P 500 index.
That morning, PagSeguro announced that it will pay its stockholders $0.12 per each of its common shares as a special dividend. This is to be dispensed on Aug. 15 to investors of record as of July 16.
Image source: Getty Images.
