|Cycle||Any duration typically daily|
|Margin||Number of shares X share price|
|Entry Rules||Purchase shares at open of ex-div date|
|Reference:Dividend Calendar Dividend Capture Using Covered Calls Investopedia Dividend Capture|
Dividend capture is a strategy technique to enter and exit the trade to capture a stock dividend for profit. The trader is eligible when the ownership is held by the ex-dividend date. The next trading day after the last trading date the price can adjust downward equivalent to the dividend rate. Some opportunity exist for daytraders in early morning trading for a directional upward play. A well devised strategy over several days leading up to the ex-dividend date may present potential to capture the dividend.