huge dividend, page-8

I bought it for around the $4 mark back in July and sold the last of it yesterday for $4.30. Made a reasonable profit although I could have made more if I'd sold out last week when it hit $4.40. The best way to play this stock is to buy it a month or two before it goes ex div and sell a day or two before it goes ex div. Historically it always plunges ex div, often by a lot more than the dividend amount. It's better to take a capital gain on it, than take the dividend. It's around the $3.70-$3.80 mark at the moment and I wouldn't be surprised to see it end up around the $3.40-$3.50 mark. Sell now and buy it back in February.