i have also read to never buy a stock that a about to pay a VERY HIGH divvy like 10% yield+ as there is usually something wrong with the actual company for it to pay a very high divvy, or a special divvy, I read stocks like this usually sell down pretty quickly as all the ST traders bail out.
It says to stick to buying a stock just for the divvy but to make sure the actual company is doing well and the stock is in an uptrend, in case it falls heavily once it goes ex div, so you can still hold it and wait for it to go back up the weeks to come.
if you chose a 3% yielding stock (3%FOR ONLY THE HALF YEAR DIVVY) and do that 5 times a yr that's a 15% return, not too shabby.
im planning to buy NAB on Monday as it goes EX DIV next Thursday I think
