It is a shame that 3 people resented you asking about your dividend.
When you buy a stock, your broker has 3 days to deliver the shares. Ergo, you must buy 3 days before record date.
For a high yield stocks, one can expect the price to go up a few days before the X. There are plenty of people who want to get the dividend. On the X-date the share price will automatically drop by the amount of the dividend (there are no free lunches). And then, a bunch of very ignorant people will dump their shares, generating a 2 or 3x drop.
That's when I buy; and up 60 cents is when I sell.
Yield depends on your cost. People bought 5 years ago get about 6%. In another 3 years they will be close to breaking even. Oh hel, they could have bought a 5-year tax-exempt bond.
Over 11,000 calls, representing over 11 million shares, will probably expire, worthless, today. Most of that volume is at $12. Bad news for the buyers; Good news for the sellers. I can't believe that short-term speculators put that much into WLL.
Call volume is high. I sold some short calls myself on Friday. What I can't figure out is: Who is buying so many at-the-money calls that have two days left. It must be speculators who don't mind loosing someone else's money.
Oh. It has gone down a lot, so it must be going up soon. Charting doesn't work well against event driven equities. You've waited this long. Wait until after the X-date. There's no guarantee that it go up after that. The FED will keep a good part of the shareholders worried about the dividend.