$3.00 stock with a $1.10 Dividend

Emerson Radio's (MSN) Board of Directors this morning declared an extraordinary cash dividend of $1.10 per common share payable on March 24, 2010 to shareholders of record at the close of trading on March 15, 2010. It opened this morning at 2.27 and is now around $3.00. share. I have not done any DD on this stock, nor am I recommending anyone buy it. I just think that it is worth investigating, do your own DD.