You are watching an ex-divi dump on kmp going ex distribution today. This frequently happens to high yield stocks.....people hold to get that last dividend then sell on the ex-date.
For a regular stock in a taxable account, selling the day before ex or on the ex date can have tax ramifications.....the amount of a capital gain or loss vs a dividend. But in a partnership, it makes no difference because the distribution reduces tax basis. In a retirement account it makes absolutely no difference, tax-wise.
Still, lemmings are lemmings. Take advantage of the lemming dumping on the ex date for a bargain.
<<Take advantage of the lemming dumping on the ex date for a bargain. >>
My experience has been it takes several days to several weeks after ex-dividend day for the stock to halt its decline. If you are really quick, you can hold it for the dividend and sometimes sell it on ex-dividend day during the day for less the drop due to the dividend. Better to sell, if you are so inclined ex-dividend eve and buy back later.