Looking at the universe of stocks we cover at Dividend Channel, on 7/11/13, BlackRock MuniYield New Jersey Quality Fund (MJI) will trade ex-dividend, for its monthly dividend of $0.074, payable on 8/1/13. As a percentage of MJI's recent stock price of $13.59, this dividend works out to approximately 0.54%, so look for shares of BlackRock MuniYield New Jersey Quality Fund to trade 0.54% lower — all else being equal — when MJI shares open for trading on 7/11/13.
Below is a dividend history chart for MJI, showing historical dividends prior to the most recent $0.074 declared by BlackRock MuniYield New Jersey Quality Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MJI is likely to continue, and whether the current estimated yield of 6.53% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MJI shares, versus its 200 day moving average:Looking at the chart above, MJI's low point in its 52 week range is $13.55 per share, with $17.41 as the 52 week high point — that compares with a last trade of $13.61.
In Wednesday trading, BlackRock MuniYield New Jersey Quality Fund shares are currently down about 0.9% on the day.