Looking at the universe of stocks we cover at Dividend Channel, on 9/26/13, Covanta Holding Corp (CVA) will trade ex-dividend, for its quarterly dividend of $0.165, payable on 10/7/13. As a percentage of CVA's recent stock price of $21.48, this dividend works out to approximately 0.77%, so look for shares of Covanta Holding Corp to trade 0.77% lower — all else being equal — when CVA shares open for trading on 9/26/13.
Below is a dividend history chart for CVA, showing historical dividends prior to the most recent $0.165 declared by Covanta Holding Corp:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CVA is likely to continue, and whether the current estimated yield of 3.07% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CVA shares, versus its 200 day moving average:Looking at the chart above, CVA's low point in its 52 week range is $16.90 per share, with $21.89 as the 52 week high point — that compares with a last trade of $21.50.
According to the ETF Finder at ETF Channel, CVA makes up 4.37% of the iShares Global Clean Energy ETF (ICLN) which is trading up by about 0.4% on the day Tuesday. In Tuesday trading, Covanta Holding Corp shares are currently down about 0.4% on the day.