Was wondering if anyone is playing special dividends.... for example NASDAQ:AWRE today announced that its Board of Directors has declared a special cash dividend of $1.80 per share, or approximately $40 million in total. The special cash dividend will be paid on December 17, 2012 to shareholders of record as of December 3, 2012.
Share price is about $6, so this $1.80 looks very attractive (about 30% yield)... They had similar special dividend $1.15 back in May 12....
Where is the catch? It's too simple buy it before Dec 3, get dividend on 17th and sell after it gaps up....

P.S. It's rated very good by Thomson Reuters : AWRE is currently among an exclusive
group of 178 stocks awarded our highest
average score of 10