This is the first test at buying high dividend stocks just prior to record date to capture the dividend.
Having met my objective of being on record during the quarterly dividend with the bonus of having the stock increase to $5.99, I am selling my entire NGPC position today 6/29/09.
The stock is up 4.66% since I bought it yesterday, a day before its x-dividend date. Motivated by the 8.59% interest rate yesterday, today I am motivated to sell this stock, probably on Monday after my shares are properly recorded for dividend action.
This is hot, NGPC is has a dividend recording date of tomorrow. The stock yields $.48 a share or 8.74%