Enbridge Inc T.ENB

price dropped for usual reason

[Greenwinter1234]

does this every quarter when the stock goes ex dividend.
no great science to this - people otherwise buy to collect the dividend on this one.
Unlike TRP they haven't blown their brains out on project recently

[oskee7777]

Confused on your post. The price historically has risen on Ex dividend date.  It drops after record date. People get their dividends and then sell.  why would people sell purposely on the day they will be recorded for an 89 cent per share dividend? Apologies if I'm not understanding.  

[TheRainman]

If you sell on Ex Dividend day.....you do not get the dividend. You have to buy 1 day before the ex to get the money.

[TheRainman]

If you sell on Ex Dividend day.....you do not get the dividend. You have to buy 1 day before the ex to get the money.

[Quintessential1]

People that sold today get the dividend.   What  I am never sure of is whether or not they can sell before the stock gaps down the $.89 dividend   I don't think so. So it closed at $54.54  yesterday subtract the $.8875 div and you get $53.65 so it dropped $,59 Not bad but not worth trading either. Typically, the ex-dividend date for a stock is one business