PWE WAS THE WORST INVESTMENT I EVER MADE.DROPS 4% in one day...wiping out an entire year of "dividends"Also, whats the point of a dividend if the stock is adjusted lower the day the dividend is paid out? I now have to pay taxes on the profit and taxes to the Canadian Government. WHAT A JOKE.I SHOULD HAVE INVESTED IN VISA.
It is not adjusted lower on payment date. The adjustment is on the x-dividend date. As it is on all stocks. Aside from market pricing on payment date you also have pricing on the Canadian Loonie.