Cabot Microelectronics Trading $15 Lower due to Ex-Dividend

Cabot Microelectronics Corporation

is trading lower on the session due to trading at the ex-dividend price. The company announced a $15 special cash dividend in February. On Monday, the share price of Cabot Microelectronics will return to the higher level, as $15 will added to today's closing price. Cabot Microelectronics Corporation is a supplier of polishing slurries and a chemical mechanical planarization. Cabot Microelectronics is currently trading at $36.90, this is a loss of $0.02 or 0.05% when taking the special dividend's impact into account.