Atoss Software Stock Rises to 12-Year High on Dividend
Atoss Software AG (AOF) rose to the highest level in more than 12 years after the German company agreed to pay a special dividend.
Atoss jumped 14 percent to 25 euros at 10:18 a.m. in Frankfurt in the stock’s steepest increase since September 2009, reaching the highest price since November 2000. Trading volume was five times the three-month daily average.
Founder Andreas Obereder owns about half of the Munich- based software maker, which has a market value of 99 million euros ($134 million) and whose products help companies manage their workforce. Based on the 3.62-euro per-share dividend announced late yesterday, including a 2.90-euro one-time payout, Obereder stands to receive about 7.2 million euros.
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