Dividend stripping
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Dividend stripping is the practice of buying shares a short period before a dividend is declared, called cum-dividend, and then selling them when they go ex-dividend, when the previous owner is entitled to the dividend. On the day the company trades ex-dividend, theoretically the share price drops by the amount of the dividend.
This may be done either by an ordinary investor as an investment strategy, or by a company's owners or associates as a tax avoidance strategy.