Ah ok so the share price is adjusted already by the time market opens following the ex-dividend date, so no short selling but still falls by the amount of dividend.
Again sorry for turning this discussion board into a classroom! I'm just wondering if this might be the answer to my questions... As it may prevent short sellers from hammering the price after an ex dividend rate if the size of assets deductible is worth their while?? I hope so, the thought of some kind of pre-meditated slaughter chopping up my very first investment scares me a little! Thanks
If the dividend is 25% or more of the stock value, special rules apply to the determination of the ex-dividend date. In these cases, the ex-dividend date will be deferred until one business day after the dividend is paid. In the above example, the ex-dividend date for a stock that’s paying a dividend equal to 25% or more of its value, is September 11, 2013.
RE: Tigers exit Ifonlyiknew, sorry for the plug, first time poster and newbie investor here.. May I ask, if you were referring to the below rules regarding XD and XR dates?