Hey Obe. I remember thinking what would happen on ex-dividend day myself once, and I think research said it fell like 0.9 times the dividend price because there was some opportunity cost associated with receiving the dividend, and some people don't really take it into account (especially if they are traders buying and selling same day etc).
However, you cant really predict how much the price will go up and down, because even though all else equal, there would be a 54ish cent decrease, it also depends on how the dow moved, metal prices, change of the ASX for the day, and also any announcements or news relating to the company.
So technically you would look for a decrease, but there's so many other factors that will affect movement on the day too.
friday outlook, page-14
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Last
$42.96 |
Change
0.570(1.34%) |
Mkt cap ! $217.9B | |||
| Open | High | Low | Value | Volume |
| $42.74 | $43.16 | $42.65 | $205.9M | 4.798M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13803 | $42.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.97 | 35250 | 1 |
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