Looking at the universe of stocks we cover at Dividend Channel, on 9/4/13, Alliance California Municipal Income Fund (AKP) will trade ex-dividend, for its monthly dividend of $0.0627, payable on 9/20/13. As a percentage of AKP's recent stock price of $11.83, this dividend works out to approximately 0.53%, so look for shares of Alliance California Municipal Income Fund to trade 0.53% lower — all else being equal — when AKP shares open for trading on 9/4/13.
Below is a dividend history chart for AKP, showing historical dividends prior to the most recent $0.0627 declared by Alliance California Municipal 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 AKP is likely to continue, and whether the current estimated yield of 6.36% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of AKP shares, versus its 200 day moving average:Looking at the chart above, AKP's low point in its 52 week range is $11.60 per share, with $16.48 as the 52 week high point — that compares with a last trade of $11.83.
In Tuesday trading, Alliance California Municipal Income Fund shares are currently down about 0.4% on the day.