Sat, May 25, 2013, 9:41 PM EDT - U.S. Markets closed
I don't see any news anywhere
Very simple. When a company pays an EX dividend which emms did last wednesday of $4.oo on the next trading day the price of the stock is adjusted down the amount of the dividend ie $4.this almost always happens.$12.63 last wed. Friday $8.63
Thank you for explaining. Now for a stupid question: If you know it's going to go down on a specific day due to the dividend, would it make sense to short it the day before or is there more to it than that?
They paid a $4/sh dividend to holders yesterday.
I did not receive my dividend. I trade with TDAmeritrade. Anyone else?