Nice way to frame it. If you don’t already hold GTCO, it’s important to remember that buying just for the dividend isn’t always the best strategy. The price typically adjusts after the qualification date, so the real edge comes from why you’re entering. If your view is long-term, building a position gradually, even before or after the dividend can make sense. But if it’s purely for the payout, waiting for post-dividend price adjustment might offer a better entry.
At the end of the day, it’s less about the dividend itself and more about the value you’re getting relative to price.