Looking at the universe of stocks we cover at Dividend Channel, on 10/15/13, Dreyfus Municipal Income (DMF) will trade ex-dividend, for its monthly dividend of $0.0525, payable on 10/31/13. As a percentage of DMF's recent stock price of $8.29, this dividend works out to approximately 0.63%, so look for shares of Dreyfus Municipal Income to trade 0.63% lower — all else being equal — when DMF shares open for trading on 10/15/13.
Below is a dividend history chart for DMF, showing historical dividends prior to the most recent $0.0525 declared by Dreyfus Municipal Income:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DMF is likely to continue, and whether the current estimated yield of 7.60% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DMF shares, versus its 200 day moving average:Looking at the chart above, DMF's low point in its 52 week range is $8.11 per share, with $11.85 as the 52 week high point — that compares with a last trade of $8.29.
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In Friday trading, Dreyfus Municipal Income shares are currently trading flat on the day.
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