Looking at the universe of stocks we cover at Dividend Channel, on 12/27/13, Great Northern Iron Ore Properties (GNI) will trade ex-dividend, for its quarterly dividend of $2.65, payable on 1/31/14. As a percentage of GNI's recent stock price of $73.37, this dividend works out to approximately 3.61%, so look for shares of Great Northern Iron Ore Properties to trade 3.61% lower — all else being equal — when GNI shares open for trading on 12/27/13.
Below is a dividend history chart for GNI, showing historical dividends prior to the most recent $2.65 declared by Great Northern Iron Ore Properties:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from GNI is likely to continue, and whether the current estimated yield of 14.45% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of GNI shares, versus its 200 day moving average:Looking at the chart above, GNI's low point in its 52 week range is $61.50 per share, with $82.00 as the 52 week high point — that compares with a last trade of $73.37.
In Thursday trading, Great Northern Iron Ore Properties shares are currently up about 0.2% on the day.