PharmAthene, Inc. (PIP) Plans Special Dividend of $2.91
PharmAthene, Inc. (NYSE:PIP) declared a special dividend on Monday, November 21st. Stockholders of record on Sunday, January 24th will be given a dividend of 2.91 per share on Friday, February 3rd. The ex-dividend date is Monday, February 6th.
PharmAthene (NYSE:PIP) traded up 1.64% during trading on Monday, hitting $3.10. 1,828,334 shares of the stock traded hands. The stock has a market cap of $206.86 million and a PE ratio of 1.75. PharmAthene has a one year low of $1.38 and a one year high of $3.13. The company has a 50-day moving average price of $2.83 and a 200 day moving average price of $2.57.
Separately, TheStreet upgraded shares of PharmAthene from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th.
Pharmathene, Inc (Pharmathene) is a biodefense company. The Company is focused on the development of medical counter measures against biological and chemical threats. The Company is involved in the development of two next generation anthrax vaccines. The Company’s anthrax vaccines use recombinant protective antigen (rPA) manufacturing processes.
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