[RV 3/?] Dividend Income - free money!!!

Dividend stocks exist both in our SG and US markets. However, due to taxation on the US market, getting dividend stocks on the SG market is more profitable. Dividends are really a great way to earn honest free money, even though it is not a lot. One kind of such stocks are the bank stocks like $DBS Group Holdings(D05.SG)$, $UOB(U11.SG)$ and $OCBC Bank(O39.SG)$ . MAS had recently lifted the dividend cap on bank stocks which means more money for everyone who bought. However, do take note of the dates you need to buy in! (eg. Ex Dividend Date - if you buy on this date or after, you will not get any dividends!)
One tip I can give is to buy the stock way before the dividend giving period. During this period, the stock will rise due to demand and after the ex dividend date, the stock will dip a lot. As a result, you will lose more to the dip than what you earn from the dividends. Also, dividend stocks are for the long term steady income of dividends.
(PS. I am still a beginner trader. Let me know your opinions!)