So what you are saying is that when BBT announces that the dividend holds, 8% of the float won't think about covering before the price starts to rise to get the benefit of the dividend. Oh well, we will see? I think I will buy more and hold on to this conservative well run bank. JMHO
You are a hoot!!! The price fluctuates 2X to 3X the dividend every day the past few months. There is zero reason to cover shorts, BB&T pays $.47 dividend and the price instantly gets cut by $.47. So where is the incentive to cover because of the dividend?