The Standard Register Company announced the suspension of its quarterly dividend in keeping with Ohio law, which requires that cash dividends be paid only out of a corporation’s statutory surplus. Because of the decline in book equity related to additional fourth quarter actuarial losses in the Company’s pension plan and the valuation allowance established against deferred tax assets, there is not currently a statutory surplus. The 1Q 12 dividend which was declared in December 2011 will be paid on Mar 9, 2012.
EventVestor Insights on the impact of Dividend Array event on stock prices:
During the one week period after Dividend , the stock outperformed the market 1 out of 1 occasions by an average 0.0%.
SR stock price underperformed the market 1 out of 1 times over the last two years, by an average -13.6% the day it announced Dividend events. During the one week period after Dividend , the stock underperformed the market 1 out of 1 occasions by an average %.
There have been a total of 244 Dividend announcements during the last 1 month.
Explore all these events and other significant events categorized into over 80 discrete event types and analyze their impact on stock prices with a premium subscription to EventVestor research platform
