On June 8th I wrote a little dab on Compass Diversified Holdings 7.25% perpetual preferred (CODI-A) as I made a purchase on the shares.
I expected it to go from the $25.30 area up to around $25.80 by the ex date which is on 7/14/2021.
Today the shares are trading around $26.53–lots of folks want the dividend I guess.
I sold my position last week–obviously leaving some money on the table. I was looking for a 2% capital gain when I bought it and instead took darn near 4%. While it may/may not have been the right thing to sell my position I pretty much allows stick to my plan which was to just get my 2%–I over stayed my plan, but will see what happens after the ex-date.