The dividend shuffle game?

[ken-do-nim]

(04-16-2021, 10:45 AM)Otter Wrote: If you do this, do it in an IRA rather than a taxable brokerage account.

To be a "qualified dividend" for purposes of advantageous tax treatment, a holding period prior to the ex-dividend date is involved.

Oh yes absolutely.

Here are my initial thoughts:
1) Identify companies that pay annual or semi-annual dividends, because dropping in for 2 days of ownership on those will have the biggest bang for its buck.  RIO in my portfolio is the best example; it pays a really large dividend twice a year.
2) I can start studying the 6 monthly payers I have: ORC, OXLC, RA, PCI, PFL, and HRZN.  What is the spread of their ex-div dates, and what happens to their price typically on the day of the ex-div and after.
3) Then I put together a schedule involving the monthlies, the quarterlies, and the semi-annuals.
4) Free up some cash in my IRA and try this for 3 months, then report back.