Any ideas why the share price is diving right before the dividend release? Last trade was barely above the last tranche evorhees released.
I had been wondering when the ownership of the shares is taken for the calculations. If for instance it is midnight UCT then regardless of when the actual payment is shares could change hands without affecting the payout. On the other hand if the calcs are done on the basis of share ownership at the time of payout then selling up prior is not the best idea. Maybe MPOE-PR can clarify?
Div goes to owners at time of payout. Sell now, get no div.