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Technology Stocks : Apple Inc.

AAPL 258.33

-0.6%

3:59 PM EST

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To: Moonray who wrote (153681)	5/11/2013 10:55:53 AM
From: david1951	1 Recommendation Read Replies (2) of 213182

"On the ex-dividend date, the stock price is adjusted downward by the amount of the dividend by the exchange on which the stock trades. For most dividends this is usually not observed amidst the up and down movements of a normal day's trading. It becomes easily apparent, however, on the ex-dividend dates for larger dividends, such as the $3 payment made by Microsoft in the fall of 2004, which caused shares to fall from $29.97 to $27.34." See paragraph under Price Implication. This was a surprise for me, but at least I know now that I wasn't just having a senior moment. :) investopedia.com

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