Replies to post #38117 on lowtrade

[lowtrade]

JMI

Year - Declaration Date - Ex-Dividend Date - Record Date --- Payable Date ---- Dividend $ Amount
2013 - Jun 13, 2013 ------ Jul 11, 2013 ------- Jul 15, 2013 ----- Jul 30, 2013 ------- 0.2300

ex date = must own before
record date = must hold till after

Can buy before July 11 and sell after July 15 and get the months portion of the dividend. This is called dividend capture. Many active dividend traders don't tie up their cash and only trade dividend capture strategies. One thing to take into account doing this is the price declines equal to the dividend, the day of the dividend. As with all trading there is risk involved in this strategy. Price within the dates must be positive.

I personally don't recommend dividend capture, but may do and thought it was worth mentioning. One can study this here;
http://www.dividenddetective.com/dividendcapture.htm