lylewalendy... it's not because of the ex-date. these were massive block trades, representing $71,288,000 dollars worth of shares. you think someone with $71 million dollars of loose change decided to buy ARCP to pick up the dividend? i'm guessing no.
two huge block trades, both exactly 2,853,919 shares each before the close at $12.73.
market watch indicate 1.4 million shares traded after the close,but street smart edge on schwab looks like far, far less.