If we get $1.60 dividend .the share price will drop accordingly. so you gain nothing. right ??
Technically yes, however it doesn't mean the price doesn't or can't go up.
Take any stock which pays a dividend. On the ex-dividend date, how many times have you seen the stock open higher? Or received a special dividend and see the share price not fall by the full amount?
Do we have an ex-dividend date. I have not seen one. One was posted in Dec. when the spec 2.00 div. was listed but because of the 25% rule I don't think it applied. Will this one be a cash div. the last one was not.