by Dimitrios Koutsoubos
OPAP (OPAP:ATH) announced the distribution of €0.60 per share, the rest of its Annual Dividend. By adding a €0.12 that has already been distributed and the special dividend of €0.57, the total goes to €1.29 per share. Investors have positively reacted sending the stock above €9. There are a lot of references about the importance and the value of dividends in Investorblog, like lately by Miltiadis here (in Greek). Generally, I agree with this reasoning, but we have always the exception that confirms the rule. Dividend of OPAP is such an exception. Namely, I have a negative opinion for such a large dividend.