Looking at the universe of stocks we cover at Dividend Channel, on 12/6/13, Salem Communications Corp. (SALM) will trade ex-dividend, for its quarterly dividend of $0.055, payable on 12/27/13. As a percentage of SALM's recent stock price of $8.69, this dividend works out to approximately 0.63%, so look for shares of Salem Communications Corp. to trade 0.63% lower — all else being equal — when SALM shares open for trading on 12/6/13.
Below is a dividend history chart for SALM, showing historical dividends prior to the most recent $0.055 declared by Salem Communications Corp.:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SALM is likely to continue, and whether the current estimated yield of 2.53% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SALM shares, versus its 200 day moving average:Looking at the chart above, SALM's low point in its 52 week range is $4.97 per share, with $10.14 as the 52 week high point — that compares with a last trade of $8.69.
In Wednesday trading, Salem Communications Corp. shares are currently down about 0.3% on the day.