AWI Armstrong World Industries, Inc. (AWI)

A

ahollybair

Anybody hear why AWI gapped down about $5 today ?

I've been looking everywhere and can't find anything on the wire about the "why"
 
Looks like it may have paid out a big dividend, some quote vendors are listing it as only down a buck and some change.
 
thanks for the input hughb.

they did announce a special one-time dividend of $4.50 @ share on Feb 29th, "...payable March 31st to shareholders of record March 11th..".

The stock did gap down from a close of $35.10 on March 6 to an open of $30.50 on March 7th (closed about $30).

There may be an SEC rule that I am not aware of that records the "...shareholder of record..." a few days after you buy the stock.

in any case, absent any other news, your hunch is the most logical reason.

Q: anybody in the ETland know of such an SEC rule ?

ahollybair
 
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