Microsoft shares fall, yet value up
Seattle PI | at | by Mike
Microsoft shares dropped at the beginning of trading on Wall Street yesterday, as expected, to reflect the upcoming payout of a $3-per-share special dividend. In a positive development for shareholders, however, the decline was less than the size of the dividend to be paid -- meaning that the overall value of the stock went up. Shares of the company started trading at $27.35 and finished at $27.39, or $2.58 lower than Friday's closing price.