Investors reward capital returns and asset monetization as ZD and COHN surge on major announcements
Sectors & Industries
March 9, 2026
Table of Contents
Ziff Davis surged 48% in one day after announcing a definitive agreement to sell its Connectivity division to Accenture for $1.2 billion in cash.
The sale allows the company to monetize a major business segment and significantly strengthen its balance sheet with a large cash infusion. Investors reacted positively to the strategic move, viewing the transaction as a way to unlock value and potentially support future capital returns or reinvestment into higher-margin segments of the business.
Cohen & Company jumped 36% in one day after its board approved a $0.25 quarterly dividend along with a $0.70 special dividend, both payable April 3, 2026, to shareholders of record on March 20.
The announcement signaled strong capital positioning and management’s willingness to return excess cash to shareholders, driving the sharp move higher as investors responded to the large combined payout.
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