Dividend Capture Trader (Remote, Funded) — Los Angeles, CA

A dividend capture trader at Maverick runs a systematic program of buying high-yield US equities before ex-dividend dates and managing the position to capture the dividend while controlling the post-dividend price adjustment. Layered options overlays (covered calls, protective puts) can improve the risk-adjusted return of the base strategy.

Los Angeles is the second-largest financial center in the country by a number of measures - Capital Group, TCW, PIMCO, Oaktree, and dozens of independent funds are headquartered in the LA/Pasadena/Newport Beach corridor. Pacific Time means the market opens before most of LA wakes up; the trade-off is a clean afternoon free by 1pm. Many of our West Coast traders prefer this rhythm explicitly.

US dividend-paying equities meeting minimum yield, market cap, and liquidity criteria - typically large-cap dividend payers and high-quality REITs. Some variants of the strategy extend to preferred shares and dividend-focused ETFs.

The naive version of dividend capture loses money because the stock typically drops by the dividend amount. The professional version manages position-level risk on the residual price exposure - that's where the actual edge lives, not in the dividend itself. Maverick traders are sized accordingly.

Dividend capture is a niche strategy that works when executed with discipline and proper position sizing. Maverick funds it because it diversifies the firm's book away from pure directional or pure vol strategies.

• Traders with patience for a slower-rhythm strategy
• People comfortable with strict rule-based entries and exits
• Candidates who understand that the dividend itself is not edge - the residual price management is
• Traders who can run a calendar-driven strategy without over trading in quiet periods