QLT (NASDAQ:QLTI) announced a special dividend on Tuesday, June 18th, Stock Ratings Network reports. Shareholders of record on Monday, June 24th will be paid a dividend of $3.9175 per share on Thursday, June 27th. The ex-dividend date is Friday, June 28th.
On a related note, analysts at Zacks downgraded shares of QLT from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, April 24th. They now have a $9.50 price target on the stock.