You're Kidding

Alpine Total Dynamic Dividend Fund: Diverse, Flexible with Smart Management

I believe Dividend Capture Rotation is buying the stock, getting the dividend, and then selling out in minimal time, hopefully to make money quickly on the dividend itself, without the risk of owning the stock for very long.

If this is correct, then the strategy is a waste of time, because on the ex-dividend date, the exchange lowers the price of the stock the exact amount of the dividend, just before the open. After all, the company's value has just dropped the amount of the dividend, so why should new buyers not pay that much less for the stock?

Perhaps I am missing something here, but I don't think so. It appears that companies using this so called strategy, are really trying to con new business from naive investors. After all, who doesn't want free money? And, of course, it is out there for the easy picking somewhere, isn't it?