…by Anura Guruge
>> Special Dividend Extravaganza This Coming Week — Dec. 1, 2012.
So having compiled the special dividend chart last Friday I was acutely aware that today was the ex-dividend date for AOL. My son had also called up with an alternate approach that he is considering in terms of how to play these special dividends.
So, I happened to check the AOL quote to see how it was fairing. I saw the red arrow and the 13% down. But, that didn’t seem right judging from the graph to the right! That shows fluctuations in today’s price with the GRAY bar indicating the ‘open price’; i.e., $32.48. AOL had actually gone up.
I made a few phone calls. It appears that the stock quoting systems are getting their knickers in a twist because of the pending special dividend.
So this is just a head’s up. Check all quotes you see over the next couple of weeks.
P.S., the quote for SEM is also wrong!