Post dividend, page-2

Theory says a SP will go down by the amount of dividend. That makes sense due to a company is worth less by the amount of dividend that leaves the company as cash (tax complicates this somewhat, though there is no franking with BDR).

That said, the 1c dividend is immaterial to a gold miner share price operating in a volatile resource sector. It just provides a little sweeter for long term holders sitting on capital losses. Buying or holding simply to receive that dividend is a poor strategy. With hindsight, or good trading skills, that dividend could have been a multiple 10 times in the past month. All that matters is belief in strength of the company in a volatile gold price environment.