Looking at the universe of stocks we cover at Dividend Channel, on 12/18/13, Credit Suisse SIlver Shares Covered Call ETN (SLVO) will trade ex-dividend, for its monthly dividend of $0.2021, payable on 12/27/13. As a percentage of SLVO's recent stock price of $16.10, this dividend works out to approximately 1.26%, so look for shares of Credit Suisse SIlver Shares Covered Call ETN to trade 1.26% lower — all else being equal — when SLVO shares open for trading on 12/18/13.
Below is a dividend history chart for SLVO, showing historical dividends prior to the most recent $0.2021 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 15.06% on annualized basis is a reasonable expectation of annual yield going forward.
In Monday trading, Credit Suisse SIlver Shares Covered Call ETN shares are currently up about 1.6% on the day.