Looking at the universe of stocks we cover at Dividend Channel, on 3/31/14, Corrections Corporation of America (CXW) will trade ex-dividend, for its quarterly dividend of $0.51, payable on 4/15/14. As a percentage of CXW's recent stock price of $31.80, this dividend works out to approximately 1.60%, so look for shares of Corrections Corporation of America to trade 1.60% lower — all else being equal — when CXW shares open for trading on 3/31/14.
Below is a dividend history chart for CXW, showing historical dividends prior to the most recent $0.51 declared by Corrections Corporation of America:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CXW is likely to continue, and whether the current estimated yield of 6.42% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CXW shares, versus its 200 day moving average:Looking at the chart above, CXW's low point in its 52 week range is $30.37 per share, with $41.40 as the 52 week high point — that compares with a last trade of $31.81.
According to the ETF Finder at ETF Channel, CXW makes up 1.84% of the First Trust RBA Quality Income ETF (QINC) which is trading relatively unchanged on the day Thursday. In Thursday trading, Corrections Corporation of America shares are currently off about 0.2% on the day.