It would be pointless to buy the stock the day or two before as the SP would have reached it's maximum level before going ex-dividend.
So any profit you make from the dividend payout is likely to be lost in the inevitable drop in the SP post ex-dividend date (assuming you want out straight away).
If you are a long term holder then the SP with all things being equal would recover in time to it's original pre ex dividend amount), and the cycle continues.
incredible dividend yield, page-89
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$1.49 |
Change
-0.035(2.30%) |
Mkt cap ! $917.7M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6153 | $1.49 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 10159 | 2 |
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