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KMP/KMR went ex-dividend yesterday (or today).
It went down more than the dividend. I guess the amount beyond the dividend was due to normal market movement.
There have been a fair number of times on the last couple years where there has been a pretty good drop Ex. More so than the distribution.
Yeah, Obama won and now you don't know the tax impact upon MLP stocks as well as people with cap gains, KMP has done well, are now selling and waiting. Basically it's a taxation and cap gains story. But hey, what else is new?