MBI - Extraordinary Dividend News has the Listing Trading Higher

2023-12-08 08:20:32 ET

DENVER, Colo., Dec 8, 2023 ( www.247marketnews.com )- MBIA Inc. (NYSE: MBI) announced, after yesterday’s market close, that it will pay an extraordinary cash dividend on MBIA common stock of $8.00 per share to shareholders of record as of December 18 to be paid on December 22, with further details available in its Form 8-K dated December 7, 2023 available at sec.gov .

MBIA is trading at $12.20, up $4.82 (+65.31%), on 762K shares traded.

Its 52-week range is $6.07 to $14.00. It’s trading well above its recent resistance and knocked out multiple key inflection points and only has slight resistance between its current price and the $14 level. It may or may not reach that price and more likely …

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