🔴 Rubico is trading 8.6% down after its 50% stock dividend went ex-dividend

Rubico is trading at $0.58, down 8.6%, following the October 6 ex-date for its 50% stock dividend.

• The dividend added 0.50 share per existing share. Rubico confirmed it was completed, and shares traded ex-dividend on October 6.
• Rubico announced the closing of an acquisition of a newbuilding MR tanker on October 6; the release did not link the deal to the share-price decline.
• Broader markets are lower ahead of the Fed minutes. No verified October 7 company announcement explaining a fresh catalyst was found.