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No. of Recommendations: 5
Last month I posted about buying 500 shares of EAI at $25.40 a share a few days before it's ex-dividend date. After thinking about it more (and liking the idea), I decided to go ahead and buy 500 shares of ELC for the same price of $25.40 a share before the same ex-dividend date. This month I bought EMP & ENO before their ex-dividend date of today.

Are you doing this with anything other than Entergy preferreds? I don't disagree with the strategy - as long as you are buying an amount over par that will be covered in 1 or 2 quarters of dividends, it seems like a relatively safe way to get a decent (for now) yield. But you seem to be increasing your single issuer risk.

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