At current SP...MCY is $3.31 and MEl is $3.285
1000 shares at MCY gives u dividend $91 and MEL is $113.80
i think the yield chasers sold out and move to MEL?
both good companies..well positioned in term of electric cars transition. But still, almost $22 per 1000 shares difference. So, I think would see MCY down a bit as yield chasers moving to MEL?
There's not $22 in it once it hits your bank account because the MEL special is unimputed, more like $14 per 1000 shares, taking brokerage fees into account to sell then buy there's nothing much in it
I would imagine yield chasers in the above scenario have more than 1000 shares hence wouldn’t expect brokerage to be an issue when deciding where to park ones funds ...
Only a few more days before mcy go ex-dividend(no special dividend I presume because of buying into TILT).
Favourable hydrology continues and very high power prices everytime I look.
I suspect this first quarter could be another record
Only a few more days before mcy go ex-dividend(no special dividend I presume because of buying into TILT).
Favourable hydrology continues and very high power prices everytime I look.
I suspect this first quarter could be another record
So far a very subdued run up to the Ex divvy date, I think many were disappointed by the lack of a special divvy and have been selling, the SP has dropped from a year ago even with a better result, perhaps many aren't impressed with this whole TILT idea.
Originally Posted by percy
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