Vistance Networks Stock Was Cut in Half. The $10 Payout Explains Why
Vistance Networks shares fell nearly 49% Tuesday after trading ex-dividend for a $10 special cash payout funded by proceeds from its January sale of the Connectivity and Cable Solutions business to Amphenol. The stock was down 48.7% at $10.01 in afternoon trading, with volume more than double recent averages. Vistance will report first-quarter results before the market opens April 30.