### Comment:
Probably a stupid question but why would people who are about to receive a dividend sell? Or is the selling from people who were not going to receive the dividend?

### REPLY:
Company decides to give shareholders $.10 each. Now the company has $.10 * shares outstanding less money, therefore less value. 
  
 Shareholders don't have to sell at any price, but as a buyer, I would want that discount since that is hard cash and value out the door for the company that I won't get.

### END.