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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

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To: Richard Barron who wrote (551)1/5/1998 9:02:00 PM
From: blankmind  Read Replies (1) of 2561
 
-- I'm interested in capturing the dividend. And hoping the stock price falls by less than the dividend payment. Can someone tell me if the following plan would work:

1. Say Boykin Lodging (BOY) pays a 45 cent dividend to holders of record on 3/31/98.

2. T-3, for 3/31/98, is 3/26/98 (as 3/28 & 3/29 is the weekend).

3. Can I buy BOY on 3/26/98; sell BOY on 3/27/98, and capture the 45 cent dividend?

4. If this is wrong, or seems illogical in any way, please let me know before I screw this up.

Thanks.
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