ECNI'm also perplexed at the way the stock has reacted. I was thinking that it's possible for worst case scenario the stock's at $10.00 pre-dividend, then after the dividend it's at $2.50 (give or take), it may be possible that it can affect the marginability of the stock for some institutions as well the index reviews can also affect how many shares can be held, and a drop in dividend to bring the p/o figure to a lower level affecting dividend mutual fund co. So IMO:
1. The lower the price drops will be a bonus for us as we can just take the cash received and load up at a cheap price. So unless the holdings are short term in nature we need to have the price drop so that we can pick up a ton of shares at a lower price
2. I do suspect unfortunately that the closer we get to the date of cash distribution the stock price will increase, just have a hunch.