The day before the x date put a buy order in for the amount of the x payment..Sometines it works and sometimes it does not...in nly case it has worked on a couple of occasions...mm are a greedy group so try and take advantage of there movements
In normal case, NLY has two type of buyers..those that buy to get div. last min. and those buy after ex-div. to get cheaper price and avoid div.tax. ..This phenomen creates small temporarily price movement you can take advantage but must move quickly in getting out next day after ex-div date ...I have notice few days later, bigger than dividend size drop occur when post div.buying drys up and sellers after receiving div. getting out execeed buyers. So must take action quickly or you become longer holder before div. build up cycle start all over again for next ex-div date.