2 Trading Days Left Before Ex-Dividend Date...Here we are at slightly above a BCE 10 year low in share price, with only 2 trading days left for ex-dividend date.
For those that buy prior to Thursday, they will have a $1 per share cushion as on ex-dividend the share price usually trades at a discount, but where will the share price close at tomorrow?
I believe there will be strong buying today and tomorrow keeping the share price above $49.13.
Short interest as of yesterday was 12.8 million shares, so unless shorts start to cover, they will be responsible for paying the dividend to holders on ex-div date.
I placed all my shares for sale well above the current level so the shorts cannot borrow them.
CPI numbers in the US are to be released in 30 minutes, so any positive data can send the markets higher with the US FED meeting scheduled next week March 19-20.
Rates will most likely be unchanged for another few months, but when the market realizes they will ease, the markets being forward looking will rise well prior and BCE will be one of those stocks to move upwards.
If you're selling, remember what you"re selling. BCE is at or near 10 year lows.