EXS 0.00% 26.0¢ exco resources limited

58% dividend yield(gross)+14.5%capital return , page-20

  1. 5,363 Posts.
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    moorookamick,

    read my earlier post especially...

    "Stage 2: the ex dividend date - this is the date that a company is quoted ex dividend (a buyer on or after this date will not receive the current dividend). On this date (all else being equal) a stock's price would normally fall by an amount equal to the dividend paid plus a portion of the franking credits attached. As markets are not static the amount of this fall is often much more or much less than the dividend and franking credits...."

    That's a fairly good summary.

    Say EXS closes at 70c tomorrow (last cum-dividend date) then following the above the stock might trade on Monday around 26c (closing price less dividend - capital return less half of franking credits). I've seen ex-dividend stocks do this many times.

    Also expect a lot of price volatility on Monday (trading between 20c and 32c for instance).

    If you are asking us to do your fundamental research for you...forget it.
 
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