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Never understood that logic. The share price almost always drops by at least the per share dividend price, although you get the divy, you loose the same amount in oveall value. Why not just sell yesterday and buy back today.
CNSL may drop for awhile after ex div, but I have noticed that you can play that game with T or VZ and their proce almost always recovers the dividend by the end of the day.
We'll see, it's more than a days drop now.