There is something in here that the divi was only a 12 point adjustment. Will have to check on Monday what is going on. But you get the idea, the price drops down and the gap closes. The price might drop a lot more then the adjustment and you can make money if it does.
https://community.ig.com/blogs/entry/213-dividend-adjustments-5-nov-12-nov/
ASX Morning call 9th Nov, page-17
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Last
7,749.0 |
Change
27.400(0.35%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,721.6 | 7,768.5 | 7,721.6 |
| XJO (ASX) Chart |