🔴 Gentherm is trading 5.6% down today after its $2.07-per-share special dividend went ex-dividend

Gentherm is trading at $29.79, down -5.62%, with the decline aligning with its $2.07-per-share special dividend going ex-dividend on October 2.

• The dividend is payable October 7 to shareholders of record September 28.
• Gentherm completed its combination with Modine’s Performance Technologies business on October 1; Modine shareholders received shares representing about 43.62% of the combined company.
• Broader indexes were higher, so market weakness does not appear to explain the drop.