Cabot Microelectronics Trading $15 Lower due to Ex-Dividend
Cabot Microelectronics Corporation (NASDAQ: CCMP) 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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.