Sell before Ex-Div16 Oct 2017 09:56
The share price will drop by the amount of dividend payout on the ex-div day, this is call price correction. From recent observation, the big boys sells their share before ex-div date and buy them buy them back after to avoid paying the new Dividend tax which is none under 5k 7.5% above 5K and 32.5% if you are a high earner. Under the bed and breakfast rules, you can buy back the share within one month without the need to pay for the full gain on the share.
So my prediction is that once the price reached its peak, there will be a big sell off before the EX-div date.
So I am profiting now and not get too greedy, otherwise I will be seeing all my profit drop to nothing.