Dividend chasers... YOU are the yield
There’s alpha in front-running dividend chasers especially in the tax efficient ETF wrapper
Investors are so fascinated with yield... the chasing of yield is bloating prices that then deflate after distributions.
Investors chasing dividends are buying at the top
Hartzmark and Solomon found that dividend-paying stocks tend to rise 41 to 53 basis points in the month they're expected to pay a dividend, only to drop 72 basis points o…