04-18-2021, 12:15 PM
Been doing some research. With regards to the highest quarterly dividend payer, I've come across MVO MV Oil Trust. It pays a whopping 17.25%.
It went Ex-Div April 14th. Relevant end-of-day prices:
April 9th: $5.44
April 12th: $5.58
April 13th: $5.60 (last day to own to qualify for the dividend)
April 14th: $5.14 (... and down)
April 15th: $4.96 (... and more down)
April 16th: $4.87 (... and even more down)
So this confirms what fenders says. The higher the div, the bigger the fall after the dividend date. I'll keep watching to see when it recovers.
Next I'll look at something with a relatively tame dividend, maybe something in the 2-3% range, and see what happens.
It went Ex-Div April 14th. Relevant end-of-day prices:
April 9th: $5.44
April 12th: $5.58
April 13th: $5.60 (last day to own to qualify for the dividend)
April 14th: $5.14 (... and down)
April 15th: $4.96 (... and more down)
April 16th: $4.87 (... and even more down)
So this confirms what fenders says. The higher the div, the bigger the fall after the dividend date. I'll keep watching to see when it recovers.
Next I'll look at something with a relatively tame dividend, maybe something in the 2-3% range, and see what happens.