Apex 16 cents dividend

Is it WISE to buy APEX now to entitle for the 16 cents dividend????

With KLSE down about 30 points this two days, Is it wise to buy to get 0.16/1.38 = 11.6% yield?

What if after 11 September, It drop back to 1.22?

If you plan to buy, should buy around 1.24 before the dividend announce.

Listing Circulars (20120830LC00062)
Company NameAPEX EQUITY HOLDINGS BHD
Stock Code / Short Name5088 / APEX
Date & Time Announce30/08/2012 2:12:00 PM
SubjectAPEX - NOTICE OF BOOK CLOSURE

Content
LISTING'S CIRCULAR NO. L/Q : 65857 OF 2012
Tax-exempt first interim dividend of 16 sen per ordinary share of RM1.00 each.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend"
]
as from : [ 11 September 2012 ]
2) The last date of lodgement : [ 13 September 2012 ]
3) Date Payable : [ 1 October 2012 ]
MANAGER, SEC. MARKET