RE:RE:RE:RE:RE:Fiddy Basis Point Interest Rate Hike Coming This WeekSo that is a net of $2.77 CAD. Subtract the $.086 for the div payment anyway and that leaves $1.91 CAD. If you did rebuy then you made that much if you didn't you made less or missed out on the $3 shareprice gain and the next ex-div coming up. Like I said more than a couple missed out one of those being the 20k window man who is still waiting for the big drop that isn't coming.
Sarge might be right about electronic trading though. I suspect ENS split corp trades the div every quarter and that is partially how they fund their higher yield which is running around 9.5% now.
But ENS is no ENB and I have no idea how liquid it is when you want to sell it.
Not like ENB
Go Enbridge! ;-)
FiddyFiddyOddzz wrote: I just checked the historical prices on Yahoo. On Feb 11th ENB closed at 55.56, on the 14th (ex-div date), it closed at 52.79, and stayed in the 52's until Feb 24th when it closed at 53.13.
Had one traded around the ex-div in Feb, they coulda definitely made 2 or 3 bucks a share on the gamble.
Quin wrote:"Well it didn't drop last ex-div date so I would not bet on it and by bet I mean trade around it. There are a few that sold $55 CAD and lower that are still on the outside looking in.
Trading at 52 week highs with full pipes and a rising demand that the SPR is having trouble suppressing. I will take my chances with steady eddy Enbridge here.
Go Enbridge! ;-)"