MLPL Ex-Dividend Reminder - 10/9/13
Looking at the universe of stocks we cover at Dividend Channel, on 10/9/13, ETRACS 2x Monthly Leveraged Long Alerian MLP Infrastructure ETN (MLPL) will trade ex-dividend, for its quarterly dividend of $1.3657, payable on 10/12/13. As a percentage of MLPL's recent stock price of $53.05, this dividend works out to approximately 2.57%, so look for shares of ETRACS 2x Monthly Leveraged Long Alerian MLP Infrastructure ETN to trade 2.57% lower — all else being equal — when MLPL shares open for trading on 10/9/13.
Below is a dividend history chart for MLPL, showing historical dividends prior to the most recent $1.3657 declared by ETRACS 2x Monthly Leveraged Long Alerian MLP Infrastructure ETN:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MLPL is likely to continue, and whether the current estimated yield of 10.30% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MLPL shares, versus its 200 day moving average:Looking at the chart above, MLPL's low point in its 52 week range is $34.45 per share, with $57.49 as the 52 week high point — that compares with a last trade of $53.00.
In Monday trading, ETRACS 2x Monthly Leveraged Long Alerian MLP Infrastructure ETN shares are currently off about 0.8% on the day.
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