I just rode the OPG rise from .50 to about .60 in the last two weeks, based on its (initial) announced dividend of about 21%. But I think it's exhausted itself now and all that awaits is the div ex in 11 days and then a fall back down to ?? below .40?
On these high paying dividends, and if you are quick enough to get in, you can often ride the shareprice rise until div-ex date.
On the lower dividend range, say 3%-4%, if the company has a stable share price historically, you can stay in for the dividend payout and just wait until the share price regains value and jump to the next 3 or 4 percenter. 3% ain't much but we are not talking per annum, more like per month, so it adds up.
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I just rode the OPG rise from .50 to about .60 in the last two...
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