SIA Dividend of SATS!
Today SIA released its dividend of SATS shares. Just nice on my birthday. 
Chartnexus’ SIA chart looks funny they seem to have shifted the SIA chart prices by a quantum, hence making it look as though the price jumped up above the resistance level. Doesn’t seem true though. Maybe it is to properly reflect dividend payouts? hmmm…
SATS opened $2.35 today, meaning it gave SIA shareholders a dividend of $1.7155 per share today. SIA opened at $12.40, dropping $1.40 from yesterday’s close of $13.80. Looking at just the plain figures, people who bought yesterday would have earned $0.3155 a share, 2.3% return on a single trade day.
Given today’s market rise, where SATS closed at $2.44 and SIA closed at $12.70, certainly, one would have made quite a bit.
As per my last post, shareholder’s value is unlocked!
Oh ya, i forgot, did this share dividend come together with a $.20 cash dividend per share as well?
