Diary of a Dividend Diva: Post-Mortem

On Feb. 22 we analyzed two upcoming "twin" dividends, Lockheed Martin (LMT) and Lorillard (LO). Since they both went ex-dividend Feb. 27, it is now time to answer that age-old question: "How'd that work out for ya?" One trade was successful, and one not -- and it's counterintuitive which is which. The pair trade also offers an important lesson in the risks occasionally inherent in dividend-capture trading.

Despite the impending congressional sequestration, with its potential to hurt defense contractors, Lockheed Martin was almost too easy. The concern was that the stock would weaken as the sequester neared, preventing us from recovering our purchase price....310 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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