Longs don't sell! they still have 40 million shares short after the AH action and if we don't sell this could be horrendous. Shorts have till June 18th to cover before they will have to pay the .20 cent dividend payment for each short share.
Huh? Did you hit your head? SWY pays 80 cents for the whole year, one quarter @ a time, so you were right with the 20 cents. Any short that is short SWY is either hedged or not too worried about a 20 cent dividend when the stock just jumped 7+ bucks. SWY usually moves 2-3X the dividend amount on a daily basis.