Special dividends

Earlier this week, Imperial Sugar (IPSU) announced a special dividend of $2.50 a share. At the time of announcement, IPSU was trading at $13.40. The special dividend yielded around 18%. That's a pretty good deal. Other people thought so, and in the past two days, IPSU has risen +$2.08 to trade around $15.50 now. Although this current runup may discourage people, the price now still reflects a 16% yield for the dividend. I think it's still worth the risk..

To be on record as a shareholder, purchase before November 1st, to receive payment around November 11th.