Looking at the universe of stocks we cover at Dividend Channel, on 8/19/13, Credit Suisse SIlver Shares Covered Call ETN (SLVO) will trade ex-dividend, for its monthly dividend of $0.3319, payable on 8/27/13. As a percentage of SLVO's recent stock price of $18.02, this dividend works out to approximately 1.84%, so look for shares of Credit Suisse SIlver Shares Covered Call ETN to trade 1.84% lower — all else being equal — when SLVO shares open for trading on 8/19/13.
Below is a dividend history chart for SLVO, showing historical dividends prior to the most recent $0.3319 declared by Credit Suisse SIlver Shares Covered Call ETN:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SLVO is likely to continue, and whether the current estimated yield of 22.10% on annualized basis is a reasonable expectation of annual yield going forward.In Thursday trading, Credit Suisse SIlver Shares Covered Call ETN shares are currently up about 0.3% on the day.
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