PDLI often has a decent run up to ex-dividend and the last run up and drop was a big one. Often you can harvest much more than the dividend if you buy a few days after ex and sell just before ex the next quarter.
Profit taking in a frothy market. My advice is to look at Book value, net asset value and 52 week low let that be your guide in bad market conditions . I usually buy 18 trading days B4 ExDay and sell 7 trading days b4 ExDay.