Friday, October 30, 2009

AGG dividend capture -- in on Thursday, out on Friday

Thursday: AGG goes ex-dividend next Monday, the 2nd, last month's payout was .34 per share.   Bought AGG at 104.45.

Friday: With equities sagging this morning the bond funds are trending up.  I put in a limit order of 104.79, and it filled a couple of hours after market open.  If I wait for the dividend there will be an inevitable wait for AGG to recover back to my starting point.   I don't care how I get my .34 per share--the faster the better.

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