I don't think it's "bad". I think it's not worth it but that's just me. It's a complete non event for me. I'm sure some big long term holders here like it. I don't think the divi news today or the fact that some people don't like it has too much to do with the selling. I mean this is just normal business, they often sell the stock down in the last 2 hours of the day. The same players are bringing down the ask.
As far as I know (and please correct me if I'm wrong) the plans in the first place were to get a stock divi besides the regular cash divi. The difference is that people immediately have something in their hand if they get additional stock. Now I realize there are regulations apparently which prevented their plans?? Not saying that I would even like an immediate stock divi.
Eiher way, did anybody here really expected excitment here today because of this news? I guess not. So we are back to usual business. CC, investor tour, will be a few interesting weeks coming up.
Now I personally am very interested how the stock reacts if we go below 40 cents again. If that will even happen.
How this is bad escapes me