Diary of a Dividend Diva: D-Days of Summer

Being the second month of the quarter, the dividends are coming hot and heavy, so we need to stay on top of the flow in order to meet our income goals. In contrast to July, which was far friendlier to dividend capture than normal, August has been a tough month so far. The issue is not the number of dividends, which is as robust as ever, but the stock market action itself. Although the S&P 500 is about flat for August, it is down 2.7% from the local peak on July 24.

Any dividend trades you may have put on early -- meaning a week or more before the ex-dividend date -- could be underwater now, thus hard to sell. In my fund I have about half a dozen that are past the ex-dividend date, with limit orders to sell at my purchase price. The limit price is anywhere between 0.5% and 3% above the last sale....351 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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