Investor Help (NO Ihub questions)

[taraniterror]

Can anyone answer this dumb question on dividend stocks ? I was reading that you can buy a dividend stock and hold it for one day, then sell it the next day (ex-dividend) date and collect the dividend. As long as your on the companies "record date", you will recieve the divy. Why would a company pay a "investor" a stock dividend if there only holding the stock for a day ? And why isn't everyone in the whole world doing this ? We could be buying dividend stocks and be making a killing ! What am I missing here ?


"You must only own the stock one-day to be entitled to receive the dividend payment."

Heres the info :http://ex-dividend.com/howitworks.html