Agree if you are long on stock.. But for short time investors, selling on the 16th, one day prior to effective date of div is about the same as keeping your stock after the effective date of div. Ofcourse, you will not get the 5o cents per share but you'll sell atleast .50 higher. I guarentee you the price will be .50 lower on the 17th. I just do not like to pay the higher taxes on dividends. specially when I have losses on schedule D.
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