Looking at the universe of stocks we cover at Dividend Channel, on 10/9/13, ETRACS Wells Fargo Business Development Company ETN (BDCS) will trade ex-dividend, for its quarterly dividend of $0.4654, payable on 10/12/13. As a percentage of BDCS's recent stock price of $25.75, this dividend works out to approximately 1.81%, so look for shares of ETRACS Wells Fargo Business Development Company ETN to trade 1.81% lower — all else being equal — when BDCS shares open for trading on 10/9/13.
Below is a dividend history chart for BDCS, showing historical dividends prior to the most recent $0.4654 declared by ETRACS Wells Fargo Business Development Company ETN:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BDCS is likely to continue, and whether the current estimated yield of 7.23% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BDCS shares, versus its 200 day moving average:Looking at the chart above, BDCS's low point in its 52 week range is $22.50 per share, with $28.82 as the 52 week high point — that compares with a last trade of $25.73.
In Monday trading, ETRACS Wells Fargo Business Development Company ETN shares are currently down about 1.1% on the day.