Looking at the universe of stocks we cover at Dividend Channel, on 6/12/13, Dow 30SM Premium & Dividend Income Fund (DPD) will trade ex-dividend, for its quarterly dividend of $0.266, payable on 7/1/13. As a percentage of DPD's recent stock price of $15.24, this dividend works out to approximately 1.75%, so look for shares of Dow 30SM Premium & Dividend Income Fund to trade 1.75% lower — all else being equal — when DPD shares open for trading on 6/12/13.
Below is a dividend history chart for DPD, showing historical dividends prior to the most recent $0.266 declared by Dow 30SM Premium & Dividend 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 DPD is likely to continue, and whether the current estimated yield of 6.98% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DPD shares, versus its 200 day moving average:Looking at the chart above, DPD's low point in its 52 week range is $12.45 per share, with $16.10 as the 52 week high point — that compares with a last trade of $15.20.
In Monday trading, Dow 30SM Premium & Dividend Income Fund shares are currently down about 0.1% on the day.