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From: | "Tony Haddon" <haddon@ihug.co.nz> |
Date: | Mon, 20 Mar 2000 20:55:15 +1200 |
In yesterday's Star Times is an article quoting
a study Ord Minnett have carried out on 1,583 dividend payments between 1992
& 1999.Those share prices on average fell ex dividend by only 60% of the
dividend. A simple strategy of buying cum div., and selling ex div. would have
returned gain of 1.4 - 1.9% per trade, less brokerage & tax. 86% of
all such trades would have been profitable.
Regards
Tony Haddon
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