Looking at the universe of stocks we cover at Dividend Channel, on 6/12/14, THL Credit Incorporated (TCRD) will trade ex-dividend, for its quarterly dividend of $0.34, payable on 6/30/14. As a percentage of TCRD's recent stock price of $13.47, this dividend works out to approximately 2.52%, so look for shares of THL Credit Incorporated to trade 2.52% lower — all else being equal — when TCRD shares open for trading on 6/12/14.
Below is a dividend history chart for TCRD, showing historical dividends prior to the most recent $0.34 declared by THL Credit Incorporated:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TCRD is likely to continue, and whether the current estimated yield of 10.09% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TCRD shares, versus its 200 day moving average:Looking at the chart above, TCRD's low point in its 52 week range is $12.80 per share, with $17.00 as the 52 week high point — that compares with a last trade of $13.51.
According to the ETF Finder at ETF Channel, TCRD makes up 2.17% of the BDC Income ETF (BIZD) which is trading lower by about 0.1% on the day Tuesday. In Tuesday trading, THL Credit Incorporated shares are currently off about 0.5% on the day.