By Stephen NakrosisShares of Madison Square Garden Sports Corp. were trading higher Friday, a day after the company said its board declared a special, one-time cash dividend of $7 a share, totaling about $175 million. At 3:03 p.m. ET, the company's stock had risen 8.1% to $151.66. Volume topped 249,000 shares, above the stock's 65-day average volume of 116,471. Shares reached $152.43 in intraday trade, the highest since Sept. 15, according to FactSet.

Source: Wall Street Journal October 08, 2022 06:32 UTC