There was some discussion the other day around what price action we might anticipate come ex-dividend.
As far as some context, Rio is trading ex-dividend today and currently around 1% higher. Now that could change across the course of the day, sure, but that sort of trading action illustrates that the overnight market lead and strength of the commodity price could have as much an impact when it comes our turn at ex-div time. So nothing is set in stone as far as a drop, the magnitude of it, or even a rise.
Especially as there seems to be a real shift in capital from banks to resources, and that really drives down to iron ore prices (gold prices for those miners too).
There was some discussion the other day around what price action...
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Last
$26.66 |
Change
0.340(1.29%) |
Mkt cap ! $81.03B | |||
| Open | High | Low | Value | Volume |
| $26.79 | $26.79 | $26.52 | $21.34M | 798.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1127 | $26.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.67 | 2297 | 8 |
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| Last trade - 10.32am 07/05/2024 (20 minute delay) ? |
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Last
$26.49 |
Change
0.340 ( 1.06 %) |
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| Open | High | Low | Volume | ||
| $26.76 | $26.79 | $26.49 | 126558 | ||
| Last updated 10.50am 07/05/2024 ? | |||||
| FMG (ASX) Chart |