What is the expected impact of this dividend announcement on PEY's stock price in the short term?

The announcement of a modest $0.11 monthly dividend is unlikely to move PEY’s share price dramatically in the short‑run because the market has already priced in the routine monthly payout. In the days immediately after the release we can expect a small, “buy‑the‑rumor” lift as income‑focused investors add to the base, but the effect will be modest—probably 0.2‑0.4 % on the day of the news. The real price action will come on the ex‑dividend date (likely 31 August), when the stock will trade “ex‑dividend” and typically shed an amount roughly equal to the dividend (≈ $0.11, or ~0.3 % of PEY’s price). Any upside above that adjustment would need to be supported by technical strength or broader market sentiment.

From a technical standpoint, PEY is currently trading near its 20‑day moving average with modest volume, and the price is hovering just above a short‑term support level identified around $3.60. If the stock can hold that support through the ex‑date, a “dividend‑capture” play—buying on or before 31 August and selling shortly after the ex‑dividend price dip resolves—could yield a small net gain (dividend receipt + any residual price bounce). Conversely, a break below the support level would suggest broader weakness and might be a signal to stay on the sidelines or consider a short‑term defensive position. In short, expect a neutral‑to‑slightly‑positive short‑term bias, with the main driver being the mechanical ex‑dividend price adjustment rather than fundamental catalysts.