Looking at the universe of stocks we cover at Dividend Channel, on 9/18/13, Credit Suisse SIlver Shares Covered Call ETN (SLVO) will trade ex-dividend, for its monthly dividend of $0.2463, payable on 9/25/13. As a percentage of SLVO's recent stock price of $17.67, this dividend works out to approximately 1.39%, so look for shares of Credit Suisse SIlver Shares Covered Call ETN to trade 1.39% lower — all else being equal — when SLVO shares open for trading on 9/18/13.
Below is a dividend history chart for SLVO, showing historical dividends prior to the most recent $0.2463 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 16.73% on annualized basis is a reasonable expectation of annual yield going forward.
In Monday trading, Credit Suisse SIlver Shares Covered Call ETN shares are currently trading flat on the day.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts