Looking at the universe of stocks we cover at Dividend Channel, on 5/2/13, Noranda Aluminum Holding Corp (NOR) will trade ex-dividend, for its annual dividend of $0.04, payable on 5/29/13. As a percentage of NOR's recent stock price of $3.84, this dividend works out to approximately 1.04%, so look for shares of Noranda Aluminum Holding Corp to trade 1.04% lower — all else being equal — when NOR shares open for trading on 5/2/13.
Below is a dividend history chart for NOR, showing historical dividends prior to the most recent $0.04 declared by Noranda Aluminum Holding Corp:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NOR is likely to continue, and whether the current estimated yield of 1.04% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NOR shares, versus its 200 day moving average:Looking at the chart above, NOR's low point in its 52 week range is $3.18 per share, with $10.95 as the 52 week high point — that compares with a last trade of $3.85.
In Tuesday trading, Noranda Aluminum Holding Corp shares are currently up about 1.1% on the day.