/biz/ - Business & Finance

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Anonymous Tue Aug 11 10:55:28 2020 No.21263159 [Reply] [Original]

Is there anything stopping me from buying 1000 shares of a company before the ex-dividend date, and then dumping them for par/profit a day later and collecting all my dividends? Why don't people do this for free money? From what I've been reading, so long as I bought the shares before the ex-date, i'll collect dividends even if I've sold those shares.

>>	Anonymous Tue Aug 11 10:57:44 2020 No.21263227 >>21263159 Because it doesn't work. Otherwise everyone would do it. There is no such thing as a free lunch

>>	Anonymous Tue Aug 11 10:59:01 2020 No.21263275 >>21263159 the dividend will be priced in before you buy it.

>>	Anonymous Tue Aug 11 10:59:23 2020 No.21263291 Because the price of the stock tends to go down by the same amount as is paid out in dividends.

>>	Anonymous Tue Aug 11 11:12:04 2020 No.21263693 >>21263159 This is exactly the thinking that lost me thousands on trading high yield tanker stocks. It's a mug's game anon, learn from those who fucked up before you.

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