Actually, according to my learning, if he had sold at 4.88 and bought back today at 4.56 that would be 0.32 the equivalent of three 0.10 dividends but would not also collect the 0.10 dividend. My guess, if you wait a few days before buying back, it may go down a few cents below 4.56 but it is just as likely to go up as well.
that is what I'm talking about. You know this stock never, repeat never has stayed at the same price during a quarter. What I have seen that for the past 5 years there is always a high and a low and mostly lower. Why not capture the higher value on a sale, it's better than waiting for a dividend reinvestment plan when a stock has been acting like this one.