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Inergy, L.P. Message Board

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  • lincolnparker60614 lincolnparker60614 Aug 22, 2011 10:51 AM Flag

    Shorts will pay dividend soon

    8/2/2011 close 31.49 (ex-dividend EVE)
    8/3/2011 open 30.78 (ex-dividend by $0.705)

    $31.49 - $30.78 = $0.71

    i.e. price drop is 0.71 on the open ex-dividend which is within 0.005 of the dividend recorded for owners who bought at least the day before. So, those who kept the stock got the dividend and an almost perfectly equal price drop. Those who are short the stock paid the dividend but got a price drop equal to the dividend. Shorts only cover when they think a stock has reached a relative bottom.

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