I think it might be people getting in this week before others get in later before it goes ex div to get the dividend - the question will be if they then sell after ex-div date early next week, if you can do that without losing any capital then its a reasonable good div return for a short period...the volume is certainly higher than average, so I wouldn't be surprised if people are doing that.
At $1.20 that's a 3% fully franked dividend return for less than two weeks of cash out the door (assuming you sell out at buy price excluding brokerage after ex div date) - better than having it in the bank for the same period just have to watch that the price doesn't drop 5c or more after ex div date and your ahead.
EPW Price at posting:
$1.18 Sentiment: None Disclosure: Not Held