Pushing a client to buy a security in order to receive the next dividend is a big no-no in the securities industry. Just know that it’s never a good idea.
There’s also a nifty bit of legal language on every prospectus that reads:
“On the ex-dividend date for a distribution, a fund’s share price is reduced by the amount of the distribution. If you buy shares just before the ex-dividend date, in effect, you ‘buy the dividend.’ You will pay the full price for the...
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