Looking at the universe of stocks we cover at Dividend Channel, on 1/22/14, LMP Corporate Loan Fund (TLI) will trade ex-dividend, for its monthly dividend of $0.0725, payable on 1/31/14. As a percentage of TLI's recent stock price of $12.46, this dividend works out to approximately 0.58%, so look for shares of LMP Corporate Loan Fund to trade 0.58% lower — all else being equal — when TLI shares open for trading on 1/22/14.
Below is a dividend history chart for TLI, showing historical dividends prior to the most recent $0.0725 declared by LMP Corporate Loan Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TLI is likely to continue, and whether the current estimated yield of 6.98% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TLI shares, versus its 200 day moving average:Looking at the chart above, TLI's low point in its 52 week range is $11.46 per share, with $14.67 as the 52 week high point — that compares with a last trade of $12.46.
In Tuesday trading, LMP Corporate Loan Fund shares are currently up about 0.4% on the day.