Dividend Trading:-
Out of the 5 accounts that i was managing, we went for Ashok Leyland's hefty dividend of Rs. 4.95 and the counting date was of today .
So we have booked a profit of Rs. 24696 Via dividend trading only . We know tomorrow the stock will go down and once it comes back , we will be selling the same.
Account A bought 3000 shares of Ashok Leyland and total dividend earning would be Rs. 14850
Account B bought 930 shares of Ashok Leyland and the total dividend earning would be of Rs. 4604 .
Account C bought 1059 shares of Ashok Leyland and the total dividend earning would be Rs. 5242 .
Why I call dividend trading and not investing as we get in before the dividend announcement and we sale the stock only when we are sure of the dividend allocation and the selling price is viable for us .
NB : Ashok Leyland is the giant in the Commercial Vehicle and is the market leader with a market cap of more than 50000 crores and it recently announced its desire to walk the greener mile and reduce the expenses via AI.
Happy Money Ahead !!
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