Looking at the universe of stocks we cover at Dividend Channel, on 10/11/13, BlackRock Municipal Income Quality Trust (BYM) will trade ex-dividend, for its monthly dividend of $0.078, payable on 11/1/13. As a percentage of BYM's recent stock price of $13.18, this dividend works out to approximately 0.59%, so look for shares of BlackRock Municipal Income Quality Trust to trade 0.59% lower — all else being equal — when BYM shares open for trading on 10/11/13.
Below is a dividend history chart for BYM, showing historical dividends prior to the most recent $0.078 declared by BlackRock Municipal Income Quality Trust:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BYM is likely to continue, and whether the current estimated yield of 7.10% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BYM shares, versus its 200 day moving average:Looking at the chart above, BYM's low point in its 52 week range is $12.17 per share, with $17.79 as the 52 week high point — that compares with a last trade of $13.18.
According to the ETF Finder at ETF Channel, BYM makes up 1.03% of the CEF Municipal Income ETF (XMPT) which is trading lower by about 0.3% on the day Wednesday. In Wednesday trading, BlackRock Municipal Income Quality Trust shares are currently up about 0.3% on the day.