I have just had an idea. dont know if its been done before or not. The theory is this. Buy a stock with dividend payments of 5% or higher (tls or the banks) on the day the stock goes X dividend, hold for a following 366 days and recieve the mid year and final dividend. So in turn you recieve 3 dividends and a possible 4th special devidend in the space of 1 year and 1 day. Sell your holdings pay half capital gains and move onto the next stock! This would create income thru dividends of around 7.5% for the year and 1 day.
What are peoples thoughts?