I don't think you can generalise and say a stock is sold-off simply because it goes ex-dividend.
Of the banks today, after allowing for the net 47c dividend then ANZ only lost 8c or .44% for the day. Compared to WBC down 1.77%, NAB .73% and CBA 1.22%.
A stock gone ex-dividend can be an ideal time for a person on the top tax bracket to buy a stock they have been contempalting to buy for a longer term hold.
45 days ruling, page-17
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Last
$29.63 |
Change
-0.075(0.25%) |
Mkt cap ! $89.34B | |||
| Open | High | Low | Value | Volume |
| $29.90 | $29.93 | $29.39 | $69.72M | 2.343M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 5677 | $29.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.63 | 817 | 5 |
View Market Depth
| Last trade - 12.04pm 11/07/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |