Looking at the universe of stocks we cover at Dividend Channel, on 10/9/13, ETRACS Alerian MLP Infrastructure ETN (MLPI) will trade ex-dividend, for its quarterly dividend of $0.4537, payable on 10/12/13. As a percentage of MLPI's recent stock price of $38.58, this dividend works out to approximately 1.18%, so look for shares of ETRACS Alerian MLP Infrastructure ETN to trade 1.18% lower — all else being equal — when MLPI shares open for trading on 10/9/13.
Below is a dividend history chart for MLPI, showing historical dividends prior to the most recent $0.4537 declared by ETRACS 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 MLPI is likely to continue, and whether the current estimated yield of 4.70% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MLPI shares, versus its 200 day moving average:Looking at the chart above, MLPI's low point in its 52 week range is $30.87 per share, with $40.19 as the 52 week high point — that compares with a last trade of $38.54.
In Monday trading, ETRACS Alerian MLP Infrastructure ETN shares are currently off about 0.5% on the day.