How stupid is the market maker who sets an opening price of 92.77 on a stock that closed the prior day at 92.51, and after the dividend reinvestment money has purchased at that price, the stock promptly slides $2.00 per share? What a jerk!
I diversify, owning ARR-PA, HPT, LTC, MAIN, O, O-F, and SBRAP, five of which pay monthly dividends. They, along with 19 other ordinary dividend-paying stocks provide a very comfortable income. Not everyone buys and sells daily, weekly, monthly, or annually. Most are in dividend reinvestment growing very nicely.
Has everyone become aware of the market makers setting the opening price on the day of dividend payment at a price higher than the prior closing assuring the dividend reinvestment purchase to be at a higher price?
Shortly after the reinvestments are made the stock drops like a rock.
There are some of us who have, but hate Trump. He starts businesses, gets investors to buy in, then takes his and their money and runs out before the business has to go into bankruptcy. He is a piece of garbage.