Cheers, good points.
The base case is that the SP accrues the value of the next dividend over the next 6 months. Though not in a neat linear way- my understanding is that most of the increase is closer to the next ex-div date.
Another important consideration is the ongoing reaction to the last earnings announcement- the sentiment that it generated. This sentiment, apparently, can play out over several months- Post Earnings Announcement Drift (PEAD) is what the academics call it.
The recent earnings announcement caused a negative sentiment- so the SP could continue to decline, plus or minus the usual ups and downs, for a few months yet after today.
Then there is the macro.
But yep, the ex-dividend day plunge, in itself, is really not an issue in the long run.
IMHO DYOR
Cheers, good points.The base case is that the SP accrues the...
Add ANZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$28.11 |
Change
-0.270(0.95%) |
Mkt cap ! $84.54B | |||
| Open | High | Low | Value | Volume |
| $28.10 | $28.24 | $27.91 | $96.64M | 3.442M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5857 | $28.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.12 | 12658 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$28.13 |
Change
-0.270 ( 0.61 %) |
||||
| Open | High | Low | Volume | ||
| $28.11 | $28.24 | $27.91 | 638481 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| ANZ (ASX) Chart |