Looking at the universe of stocks we cover at Dividend Channel, on 10/9/13, The Zweig Fund New (ZF) will trade ex-dividend, for its quarterly dividend of $0.233, payable on 10/18/13. As a percentage of ZF's recent stock price of $13.50, this dividend works out to approximately 1.73%, so look for shares of The Zweig Fund New to trade 1.73% lower — all else being equal — when ZF shares open for trading on 10/9/13.
Below is a dividend history chart for ZF, showing historical dividends prior to the most recent $0.233 declared by The Zweig Fund New:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ZF is likely to continue, and whether the current estimated yield of 6.90% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZF shares, versus its 200 day moving average:Looking at the chart above, ZF's low point in its 52 week range is $11.28 per share, with $13.86 as the 52 week high point — that compares with a last trade of $13.50.
In Monday trading, The Zweig Fund New shares are currently off about 0.6% on the day.