Is Pershing Square (PS) Fully Valued After Its Dividend Update And Citi Downgrade?

Pershing Square (PS) is back in focus after its board declared a fourth quarter 2026 cash dividend of US$0.103 per share, with an ex dividend date set for October 9 and payment on October 20. Recent trading has been volatile for Pershing Square, with the share price down 12.12% on a 1 day basis and 20.25% over 7 days. This follows strong upward share price returns of 26.49% over 30 days, 31.59% over 90 days and 96.90% year to date, which point to momentum still being positive over a longer...