Ask Colin

Should the Qantas chart have been adjusted for the dividend on 9/11/00, which was about 10% of the price?

This was not an ordinary dividend, but a special dividend, or return of capital in the form of a dividend. Normally we do not adjust the chart for a dividend, but when there is a large special dividend or a return of capital, you must adjust your historical data.

I do not know how you are handling adjustments, but either: