Looking at the universe of stocks we cover at Dividend Channel, on 5/13/13, Nuveen Floating Rate Income Opportunity Fund (JRO) will trade ex-dividend, for its monthly dividend of $0.08, payable on 6/3/13. As a percentage of JRO's recent stock price of $13.64, this dividend works out to approximately 0.59%, so look for shares of Nuveen Floating Rate Income Opportunity Fund to trade 0.59% lower — all else being equal — when JRO shares open for trading on 5/13/13.
Below is a dividend history chart for JRO, showing historical dividends prior to the most recent $0.08 declared by Nuveen Floating Rate Income Opportunity Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from JRO is likely to continue, and whether the current estimated yield of 7.04% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of JRO shares, versus its 200 day moving average:Looking at the chart above, JRO's low point in its 52 week range is $11.35 per share, with $14.11 as the 52 week high point — that compares with a last trade of $13.64.
In Thursday trading, Nuveen Floating Rate Income Opportunity Fund shares are currently trading flat on the day.