Looking at the universe of stocks we cover at Dividend Channel, on 10/9/13, ETRACS Wells Fargo MLP ETN (MLPW) will trade ex-dividend, for its quarterly dividend of $0.3948, payable on 10/12/13. As a percentage of MLPW's recent stock price of $31.96, this dividend works out to approximately 1.24%, so look for shares of ETRACS Wells Fargo MLP ETN to trade 1.24% lower — all else being equal — when MLPW shares open for trading on 10/9/13.
Below is a dividend history chart for MLPW, showing historical dividends prior to the most recent $0.3948 declared by ETRACS Wells Fargo MLP ETN:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MLPW is likely to continue, and whether the current estimated yield of 4.94% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MLPW shares, versus its 200 day moving average:Looking at the chart above, MLPW's low point in its 52 week range is $26.57 per share, with $34.04 as the 52 week high point — that compares with a last trade of $31.96.
In Monday trading, ETRACS Wells Fargo MLP ETN shares are currently trading flat on the day.