Ben92126

Nordic American Tanker Pays Off Yet Again

Tom, could you please confirm I've done this correctly. I'm kind of new to this.
If I buy 39 shares at todays closing price of $31.14 then on Dec 2nd I would receive $62.79 ($1.61 x 39) in dividends. That is a return of 5.17% on the $1214.46 in just 4 weeks. Then I could purchase 2 more shares (assuming the price doesn't change) and now have more for the next dividend.
Why doesn't everyone do this if you already know what the return will be? What's the risk (besides the stock price falling)?