NasdaqGS:STNEDiversified Financial
StoneCo Extraordinary Dividend Highlights Surplus Capital And Valuation Gap
StoneCo (NasdaqGS:STNE) has announced that its Board has approved an extraordinary cash dividend.
This one off payout represents a special capital return to shareholders on top of ordinary distributions.
StoneCo is drawing attention with this dividend decision at a time when the shares trade around $12.22 and have seen a 19.1% decline over the past week and a 16.8% decline year to date. Over a 1 year period the stock shows a 7.6% gain, while the 5 year return reflects a 77.1% decline,...