Question about stocks..

[supraman]

Hi there

I was wondering if you could say buy a share on the ex dividend date and then sell it the next day and keep the dividend? Of course the share price would have to be stable.
I did some research and found a site that said the price of the share usually falls by the same amount as the dividend on that date to avoid this arbitrage. Is this the case?

Thanks

 

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[randallg99]

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