Why PagSeguro Digital Stock Soared Almost 13% Higher Today

There's nothing like an unexpected payout to juice interest in a stock. The market was clearly caught a little off guard by PagSeguro Digital's (PAGS 12.20%) announcement of a special cash dividend, and it reacted accordingly. Investors piled into the Brazilian fintech to the point where it closed the day nearly 13% higher, a far better improvement than the under 1% gain posted by the S&P 500 index. A special announcementThat morning, PagSeguro announced that it will pay its stockholders $0.12 per each of i ...