Looking at the universe of stocks we cover at Dividend Channel, on 10/18/13, Credit Suisse SIlver Shares Covered Call ETN (SLVO) will trade ex-dividend, for its monthly dividend of $0.1554, payable on 10/25/13. As a percentage of SLVO's recent stock price of $17.16, this dividend works out to approximately 0.91%, so look for shares of Credit Suisse SIlver Shares Covered Call ETN to trade 0.91% lower — all else being equal — when SLVO shares open for trading on 10/18/13.
Below is a dividend history chart for SLVO, showing historical dividends prior to the most recent $0.1554 declared by Credit Suisse SIlver Shares Covered Call ETN:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SLVO is likely to continue, and whether the current estimated yield of 10.87% on annualized basis is a reasonable expectation of annual yield going forward.
Earn a FREE $100 Membership to ValueForum, Just By Telling Us About Your Favorite Stock! (Offer ends 11/10/2013)
In Wednesday trading, Credit Suisse SIlver Shares Covered Call ETN shares are currently down about 0.2% on the day.