BCE Inc T.BCE

Stock price

[Marvin89]

Any idea why the Canadian stock closed at 66 on Monday however, right B4 open all of a sudden it closed close to 65, make no sense

[newcoin]

$66.01 - $.92 = $65.09. They subtracted the dividend from yesterdays closing price. I have no idea why they did that?

[Quintessential1]

They always do this.  On ex-div day the dividend payment is locked in and required to paid by the corp.  The share price drops the dividend amount.  They used to do it  overnight and it looked like a gap down at the open in the morning but after market sales and pre-market sales mess with it a bit. Some tickers like Yahoo Finance drop the price at open to better reflect it as

[newcoin]

I think it's nonsense. It distorts the trading. It's confusing when you think about how much it's down percentage wise. I wish they would stop doing it. It caters to the shorters.

[Dibah420]

TSX allows a grace period after market close for adjustments.  They call it MOC, or market on close  or some such thing.