RE:RE:Stock priceThey 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 a payout and not a trading drop.
Either way if the company pays out $.92 to every shareholder the stock has to drop that amount at some point that day and that is the day it is put aside for payouts.
I forgot it was ex-div day. Nice to know payouts are coming.
GLTY
newcoin wrote: $66.01 - $.92 = $65.09.
They subtracted the dividend from yesterdays closing price.
I have no idea why they did that?