Originally Posted by
Nasi Goreng
I was having similar thoughts and share price needs to get over $2.35 so that ex divi price can hold above $2 which is a nice support level technically. The ex divi price should drop in theory by the amount of the dividend. The value of the company is 35c less the day the dividend is paid. All other things being equal, it should recover over time due to the fact more dividends will be paid in the future. Ironically, the higher it goes in the short term, the more comfortable I am being a holder. If the price stays around this level, I may sell before the record date.