Perfect World Announces A $2.00 Per Share Dividend On Record Q4 2011 Earnings
By Investing Hobo: For investors in Perfect World (PWRD), its stock performance has been far from anything close to resembling the company's namesake in the past year. At one point, the company's U.S. listed shares had fallen over 60% from valuations at the start of 2011. Much of the poor performance simply mirrored investor fears over Chinese companies after fraud allegations surfaced on a number of names. Panic may have peaked after PWRD shares dropped as much as 30% in a single day after an anonymous blogger in China accused the company and its CEO of fraud prompting a quick formal corporate response. At least in the near term, investors may catch a break after Perfect World announced its fourth quarter 2011 earnings report which not only exceeded Wall Street consensus but also included an announcement of a $2.00 per share special dividend.As noted in my prior article reviewing Perfect World, mostComplete Story »
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