Photon correlation spectroscopy in both polarized and depolarized geometry was employed to investigate the dynamics of a ribbon-type polymer exhibiting good solubility. In dilute solution, the translational diffusion for all examined molecular weights has confirmed the picture of wormlike chains with rather short (similar to 7 nm) persistence length (Macromolecules 1997, 30, 273). In the semidilute regime, the total concentration fluctuations display, besides the fast dominant cooperative diffusion, a second slower diffusive process that exhibits weak concentration dependence and is not related to the self-diffusion measured by pulse-field-gradient NMR. The concentration dependence of the cooperative and the self-diffusion coefficient as well as of the zero-shear viscosity cannot be consistently described by neither flexible nor stiff chain models. Presence of aggregates was revealed at high concentrations. Owing to the short persistence length, the rotational diffusion is too fast to be adequately investigated.