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Why VeriSign Rallied 11.1% in April

TheMotleyFool

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Shares of the internet address registry VeriSign (NASDAQ: VRSN) rallied 11.1% in April, according to data from S&P Global Market Intelligence.

In the turbulent times following the April 2 "Liberation Day" tariff announcements, VeriSign's monopolistic, annuity-like business remained a safe haven for investors.

In addition, the company delivered a better-than-expected earnings report and announced its first-ever dividend. In response, shares grew by double digits, greatly outperforming the S&P 500, which was down 0.68% in the month.

Source Fool.com

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