Looking at the universe of stocks we cover at Dividend Channel, on 6/12/13, Salem Communications Corp. (SALM) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 6/28/13. As a percentage of SALM's recent stock price of $7.60, this dividend works out to approximately 0.66%, so look for shares of Salem Communications Corp. to trade 0.66% lower — all else being equal — when SALM shares open for trading on 6/12/13.
Below is a dividend history chart for SALM, showing historical dividends prior to the most recent $0.05 declared by Salem Communications Corp.:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SALM is likely to continue, and whether the current estimated yield of 2.63% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SALM shares, versus its 200 day moving average:Looking at the chart above, SALM's low point in its 52 week range is $4.62 per share, with $10.14 as the 52 week high point — that compares with a last trade of $7.60.
In Monday trading, Salem Communications Corp. shares are currently up about 1.1% on the day.