I was surprised to see this news. I just acquired my URC(Universal Robina Corporation) shares last week and as indicated cash dividend will be on May 8 payable on the first of June.
A thought came to mind. I remembered that one of the reasons why the foreign partner of the Gokongweis sold their share in Digitel is due to the long awaited dividend. And what happen is Digitel is eventually bought by MVP's PLDT. But in the case of URC what could this dividend declaration bring?(Click here to read about the dividend declaration)
Now how will this affect URC's market price this coming week?
Most of the time traders go for the dividend play. The date to marked is May 3 which is the stock's Record Date which will be this coming Thursday. I am sure a lot of people have been allocating their gains on last week's good performance for this.
Again the above opinion is just my opinion, how about you do you think URC's stock will hype with this cash dividend? Leave your thoughts in the comments.