You can trade and make about $2/$3 per quarter, sometimes a bit more trading from the bottom (next week sometime) to the next quarter in Dec.
Or you can buy and hold. YOu can buy them cheaper next week, say $27 - $28 and then wait for the rise. If you hold, there are many, many risks to the stability of the price and whether the stock will trade in its current band, lower band, etc. If the do a secondary watch out. If the earnings aren't so great in one months time, might also be a problem.
What you can't do is buy at this price and sell Friday and expect to keep the $1.40 and sell at the current price. It will drop by $2/$3 a share over the next week.
as of the 28th you are in for the div.........how long must you keep this or any stock..........if thats the way it works you could just trade the dividend stocks by dates ,they announce far in advance to take advantage then dump them.......am i right or wrong?????????