Simple Dividends Question

[bills217]

Is there value to be had in hopping in and out of stocks that pay decent dividends so as to only be in them on the days they pay them? This is an area of trading I know nothing about.

It seems like stocks would be more overvalued during these periods, but aren't some dividends high enough to be worth hopping in to get and then hopping right back out? Especially if you pay low/zero commissions? Any thoughts appreciated.