insane dividends

[bar1080]

Question #1: Of what use is your info about special dividends?

You've said, probably accurately:
"Some made a momentary spike then tanked. Some surprisingly just fell off the table after the cash was paid out (for a reason I can't quite grasp)."

Can one buy these stocks on the announcement and make money with the div? My gut is to say no. I moderate a board on a fund that tries to do that, Alpine Total Dynamic Div CEF (AOD) which uses the fancy term "dividend capture" for that process.

AOD's a dog in my opinion but it's the type of window-dressing garbage older penny players like... to the extent they have any retirement money. AOD is all about investment "engineering," employing arcane gimmicks to boost yield. Or the APPEARANCE of yield!

It pays a double digit distribution (monthly to appeal to old geezers with little income), but it has fallen from $20 at its IPO in 2007 to $4.13 now.

Remarkably it has some fans!