PharmAthene (PIP) Declares $2.91 Special Dividend

November 17, 2016 4:09 PM EST

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PharmAthene (NYSE: PIP) declared a special dividend of $2.91 per share.

The dividend will be payable on February 3, 2017, to stockholders of record on January 24, 2017, with an ex-dividend date of February 6, 2017.

The annual yield on the dividend is 100.3 percent.

The special dividend, totaling an aggregate payment of approximately $200 million, which represents approximately 98% of the after tax net cash proceeds received from SIGA, was approved by PharmAthene's Board of Directors following the Company's receipt of $83.9 million as final payment from SIGA Technologies, Inc. in satisfaction of the judgment owed by it to PharmAthene. In total, PharmAthene has received payment of approximately $217 million (including interest) from SIGA in connection with the judgment.

The U.S. federal income tax treatment of holding common stock to any particular stockholder will depend on the stockholder's particular tax circumstances. PharmAthene's stockholders are urged to consult their tax advisor regarding the U.S. federal, state, local and foreign income and other tax consequences to them, in light of their particular investment or tax circumstances, of the receipt of the special dividend.

For a dividend history and other dividend-related data on PharmAthene (PIP) click here.

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