INCLINE VILLAGE, Nev. (AP) — Biotechnology company PDL BioPharma Inc. said Wednesday it will pay shareholders a special dividend of $1.67 per share.
The dividend will be paid on Dec. 15 to shareholders of record as of Dec. 1.
PDL said in November it would pay a special dividend of $200 million, but it had not yet determined the per-share amount. The dividend is part of the proceeds from a securitization deal that closed last month.