Yesterday we had 11 income issues go ex-dividend and I thought that might skew the average share price a bit–but in this market of yield hungry investors the ‘markdown’ of those 11 issues wasn’t enough to stop the move higher in prices.
Today with 47 issues going ex-dividend I am fairly certain the average price will stop going higher–for a day or two anyway.
Yesterday the average of all $25 issues moved 2 cents higher–although we did see the banking sector drop by 6 cents-the only sector to fall.
