AWI Armstrong World Industries, Inc. (AWI)

Discussion in 'Stocks' started by ahollybair, Mar 7, 2008.

  1. 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"
  2. hughb


    Looks like it may have paid out a big dividend, some quote vendors are listing it as only down a buck and some change.
  3. 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 ?