Re to dean "you should have purchased the stock one day before the ex-dividend date"
Yea but why?
I follow 10 MLP's but own only 6 of them now. This round of Ex's. On average the drop in unit price on Ex is -4.3%. On average the drop in AMZ index on the same days -0.1% So unit price drops -4.2% relative to the market. Average yield for the quarter is 2.6%. So, you pay a 4.2% premimum to get a refund of 2.6%. In none of the 10 MLP's would you have won. (NONE)
Like saying you can buy a product for $1.02 and get a rebate of $0.01 or just pay $1.00 tomorrow. Hummmm, sounds difficult for the "weak" in math.
As to ETP relative drop in unit price -3.4% for a distribution of 2.5%.
This is normal based on past data for the same MLP's.
However, there is a good reason to know when Ex is. So the logical investor can buy soon after Ex day.
Not meaning to be insulting, but maybe it is OK to be a bit upset about the continual posting by people who do not read the news where the distribution/dividend info is posted; then ask when it will be paid. Can they not read or are they simply too lazy!