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American Capital Agency Corp. Message Board

  • russwm russwm Mar 21, 2013 12:29 PM Flag

    OT- PVH

    FWIW, this is a short term trade I am thinking of. PVH (Phillips-Van Heusen) went ex-dividend today. Over the past 8 quarters, buying PVH at close on the 4th trading day after ex-div gives you a great short term trading opportunity.

    I am still not certain of the optimal time to sell using this strategy, but have chosen the close on the 29th. By my calculations, the average gain is $5.58. If this chart shows up, it is my calculations of the profit each quarter using this strategy. The worst is $0.49 and the best is $11.76. If you throw out those two quarters, the average gain is $5.40. In some quarters the gain would actually be more profitable if you held longer.

    EX-Div date Profit
    3/14/2011 $8.48
    5/17/2011 $1.58
    8/16/2011 $11.76
    11/15/2011 $3.55
    3/13/2012 $0.49
    5/15/2012 $8.66
    8/21/2012 $6.07
    11/19/2012 $4.10

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AGNC
21.58-0.17(-0.80%)Mar 27 4:00 PMEDT