Ex-Div Reminder For Great Northern Iron Ore Properties (GNI)

Looking at the universe of stocks we cover at Dividend Channel, on 3/26/13, Great Northern Iron Ore Properties (GNI) GNI will trade ex-dividend, for its quarterly dividend of $2.25, payable on 4/30/13. As a percentage of GNI's recent stock price of $79.40, this dividend works out to approximately 2.83%, so look for shares of Great Northern Iron Ore Properties to trade 2.83% lower — all else being equal — when GNI shares open for trading on 3/26/13.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for GNI, showing historical dividends prior to the most recent $2.25 declared by Great Northern Iron Ore Properties:

GNI+Dividend+History+Chart

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 11.34% on annualized basis is a reasonable expectation of annual yield going forward.

In Friday trading, Great Northern Iron Ore Properties shares are currently off about 1.4% on the day.

null

More from Stocks

The Stock Market Has Every Reason to See a Fresh Rally

The Stock Market Has Every Reason to See a Fresh Rally

3 Simple Tips on Investing From TheStreet's Jim Cramer

3 Simple Tips on Investing From TheStreet's Jim Cramer

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Tesla's Supercharger Network Is Booming -- Here's Why That's a Concern

Tesla's Supercharger Network Is Booming -- Here's Why That's a Concern

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly