SIGA Technologies Shares Soar 11.07% on Dividend Announcement

SIGA Technologies (SIGA) shares surged 11.07% today, reaching their highest level since January 2025, with an intraday gain of 20.08%.

SIGA Technologies recently declared a special cash dividend of $0.60 per share, scheduled for payment on May 15, with a crucial record date of April 29. This decision underscores the company's dedication to enhancing shareholder value and marks a pivotal moment for investors. The dividend announcement is expected to positively impact the company's stock price, as it demonstrates SIGA's financial strength and commitment to returning value to its shareholders.

In addition to the dividend, SIGA Technologies is poised for further growth with several key catalysts in 2025. The potential approval of a new product by the FDA and the possibility of securing a new contract with the Biomedical Advanced Research and Development Authority (BARDA) are significant events that could drive the company's valuation higher. These developments are likely to attract more investor attention and potentially lead to increased demand for SIGA's shares.