Is it possible to buy a stock, receive the dividend, and then sell it?

I am thinking that I couuld research stocks that pay high dividend amounts and then purchase the stock, get paid the dividend, and then sell the stock. I know I would risk losing money if the stock price went down in between buy and sell periods, but I could also hold the stock until the price was at least at the... show more I am thinking that I couuld research stocks that pay high dividend amounts and then purchase the stock, get paid the dividend, and then sell the stock. I know I would risk losing money if the stock price went down in between buy and sell periods, but I could also hold the stock until the price was at least at the break-even point. Seems too easy so I must be missing something....what is it? Thanks!
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