Looking at the universe of stocks we cover at Dividend Channel, on 5/22/13, Western Asset Managed High Income Fund (MHY) will trade ex-dividend, for its monthly dividend of $0.0385, payable on 5/31/13. As a percentage of MHY's recent stock price of $6.16, this dividend works out to approximately 0.62%, so look for shares of Western Asset Managed High Income Fund to trade 0.62% lower — all else being equal — when MHY shares open for trading on 5/22/13.
Below is a dividend history chart for MHY, showing historical dividends prior to the most recent $0.0385 declared by Western Asset Managed High Income Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MHY is likely to continue, and whether the current estimated yield of 7.50% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MHY shares, versus its 200 day moving average:Looking at the chart above, MHY's low point in its 52 week range is $5.75 per share, with $6.77 as the 52 week high point — that compares with a last trade of $6.16.
In Monday trading, Western Asset Managed High Income Fund shares are currently trading flat on the day.