Not really. For algorithmic traders, the transaction costs will dwarf the dividends, so it's really a negative-sum game. Unless there's a very small volume of a

Not really. For algorithmic traders, the transaction costs will dwarf the dividends, so it's really a negative-sum game. Unless there's a very small volume of algo-traders, and a large volume of long-term traders who just happen to be re-adjusting their positions while the game is being played.