Lion Asiapac (L08.SG) gaps up at open, last +25% at almost 3-month high of $0.325 on above-average volume, as investors flock to otherwise thinly-traded stock after company declares interim dividend of $0.10/share to be paid July 29, says Dow Jones.

Together with special dividend of $0.15/share issued in April, total yield so far for FY ended June comes to a whopping 96.1% based on yesterday’s closing price.

“It’s a no-brainer that the share price is reacting this way. But after the dividend is paid, I would expect the share price to come tumbling back down as this company doesn’t have a strong investor base,” says a trader at a local brokerage.

Orderbook quotes suggest stock may test $0.34.

Supplier of quicklime (chemical compound) to steel mills, distributor of chip components says payout meant to boost shareholder value following review of cashflow position.