Comment by
ScaryRaccoon on Jul 19, 2012 10:27am
unless of course you bought a while back under the $1 range, then you are laughing. Otherwise, little benefit buying just before ex-dividend.
Comment by
papaloapan on Jul 19, 2012 10:51am
A lot of people play the ex dividend dates for regular quarterly dividends, and it may or may not be an effective strategy. This, however, was an extraordinary dividend, and you should not expect the strategy to work. In fact, even option exercise prices are reduced by the amount of extraordinary dividends, but are not affected at all by ordinary dividends.