You may want to sell out before ex-date the 18th. The stock will most likely drop by the gross dividend amount $4, but you will only get $2.80 or so due to foreign dividend withholding. So you make $1.20 by selling now. If you have this in an IRA its a winning strategy to sell now and reacquire later. If you have this in a regular account you will get a credit for foreign withholding on you tax return, but you might not get all of it back.