Shares of Cimic are down over 2% to $40.85 in early trade as the company goes ex-dividend today.
This drop is a few cents deeper than than the 75 cent dividend that will be paid to shareholders on July 4th.
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CIM was added to our ASX Top 100 portfolio in June of 2016 at $35.00.
CIM has been a steady performer in client portfolios over the last two years and we will look to add to long positions on a pull back into the $40.20 area.
Cimic
