My position was less than 1% as well. Totally bond like and a good yield at around 5%. I was overweight utilities and didn't want to trim another position in that sector.I have very small positions in both.
Maybe 1% of my portfolio in each. I had thought about selling, too. But then I thought it was such a small portion of my portfolio, I just treat them more like bond proxies.
But I don't think you're wrong.
Anyway, hey. I'll take the increase, even if it is small.
I realize your question was more general but if you use this announcement as an example you can see what happened in the last month which covers the announcement and record date. This news is easy to price as the amounts and timelines are known. It's near impossible to turn a quick profit but the announcement of dividend increases in conjunction with a special dividend usually means the company is flush with cash. A financially sound company will tend to draw attention from other investors. I haven't looked closely at WTE.TMX Money
Question on this type of announcement, do investors buy a stock like this on the announcement and make a few grand with both dividends say in a TFSA and sell shortly after for profit or does the stock share price usually adjust accordingly so in reality your no further ahead.