Yes, not by -8 % or -38% but -81.5% !! This is what happened when APPT (Asian Pay TV Trust) announced their result and dividend pay out for next quarter this morning. I think most of the so called " income investors " (including me)  were stunned by this sudden news and of course the share price dropped by -49.2% and closed at $0.16 today. I still have small position of this stock in my portfolio ( 0.4% ) and expected it (dividend) to be cut by 50% to around 3 cts which is a more sustainable level level and close it's FCF and may still gave us a approx 10% yield  at price of 30+ cts . Although it just a small position , but sitting with such huge "paper loss "now is no joke and a real painful lesson learned, I am sure those vested will have the same feeling. Imagine if you have huge position on this stock and with much concentrated portfolio , you will really need to hold ......