IMO Most people would have to sell for at least twice the dividned in order to make more net profit. I say this because short term capital gains tax is higher than tax on dividend. And if you waited to collect the dividend you could still sell the stock later, obviously at a lower price, but that would also mean less capital gains tax.
Of course this would be different for each individual. If you had a large loss from other stocks and the gain from this stock was equal to that amount you would not be taxed at all.
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