Why Are Aware, Inc. Shares Up Over 15%?
Shares of Aware, Inc. (NASDAQ: AWRE) are up more than 15 percent from Thursday's close of $5.68 following an announcement that it will pay a massive special dividend of $1.75 per share for a total of approximately $40 million.
The dividend will be paid on July 24, 2014 to shareholders on record as of July, 10.
The company's board said the decision to pay a special dividend was due to an excess cash balance over its current capital requirements.
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