Multi-Strategy Income And Growth Fund About To Put More Money In Your Pocket (JPC)

Looking at the universe of stocks we cover at Dividend Channel, on 4/11/13, Multi-Strategy Income and Growth Fund ( JPC) JPC will trade ex-dividend, for its monthly dividend of $0.0633, payable on 5/1/13. As a percentage of JPC's recent stock price of $10.26, this dividend works out to approximately 0.62%, so look for shares of Multi-Strategy Income and Growth Fund to trade 0.62% lower — all else being equal — when JPC shares open for trading on 4/11/13.

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 JPC, showing historical dividends prior to the most recent $0.0633 declared by Multi-Strategy Income and Growth Fund:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from JPC is likely to continue, and whether the current estimated yield of 7.40% on annualized basis is a reasonable expectation of annual yield going forward.

According to the ETF Finder at ETF Channel, JPC makes up 1.32% of the CEF Income Composite Portfolio ETF ( PCEF) PCEF which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Multi-Strategy Income and Growth Fund shares are currently up about 0.4% on the day.