I am still wondering why the closing price changed last night. Would someoneplease answer this post? I know you enjoy the smell of your own armpits and your inner-ring discussions, but would you give me your broker and what the closing price was? Was your streamer red or green today? I would appreciate it. Scottrade was not able to give me an explaination. Why 15.54 last night and a closing price of 14.80 this morning? The Dividend has nothing to do with it. Something very odd is going on. Is it mm manipulation?
A stock dividend is basically a stock split. Companies sometimes declare a 100% stock dividend, or a split. So a $16 stock trades the next day at $8. No real value, see? What's the point of issuing a 5% stock dividend if the stock price falls 5%??? Just another way for the company to try and create interest.
Go read Standard and Poors dot com on dividends. Where do you come up with this? A dividend can be issued and the stock price go up which is what happened to my imh--13% dividend!! (I've seen it happen a lot with MO. There is not a relationship to share price except the price tends to go down after x-dividend because people pick up the dividend and move on. I recommend you all get some imh, greatstock.