PharmAthene (PIP) Declares $2.91 Special Dividend

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Go back to PharmAthene (PIP) Declares $2.91 Special Dividend

PharmAthene Declares $2.91 Special Cash Dividend on Common Stock

November 17, 2016 4:05 PM EST

ANNAPOLIS, Md., Nov. 17, 2016 /PRNewswire/ -- PharmAthene, Inc. (NYSE MKT: PIP), a biodefense company developing medical countermeasures against anthrax, today announced that its Board of Directors has declared a special one-time cash dividend of $2.91 per share of common stock, payable on February 3, 2017 to holders of record as of January 24, 2017.

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... More