There are very few good stocks with professional managements giving dividend yield of over 5% and we cannot depend on one stock but must have portfolio of stocks which are also growing companies.
Yeah, use BO for the margin advantage + limit order. Margin advantage is like, < Rs.8000 for 1 lot BNF. Limit order advantage so you aren't chasing the price, waiting for it to come to you.
Dividend is calculated on face value but we buy the shares at market value and we must ensure that in our desire to earn 5 % or more dividend yeid, there is no higher erosion in the market value of the share...else it is a loosing bet.And there are very few companies with good management, good corporate governance record and growing in profitability.