LQR House shares rose sharply in early trading Monday after the e-commerce platform focused on the spirits and beverage industry said it is considering a special dividend.
Shares of the Miami Beach, Fla., company were recently changing hands at $4.95, up 12%.
LQR House on Monday said its board will meet Friday to deliberate on a proposed special payout of up to $1 a share.
The company said the proposed dividend underscores its confidence in its financial position and outlook.
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