Cash Dividend On The Way From Mayflower Bancorp (MFLR)

Looking at the universe of stocks we cover at Dividend Channel, on 5/10/13, Mayflower Bancorp Inc ( MFLR) will trade ex-dividend, for its quarterly dividend of $0.06, payable on 5/24/13. As a percentage of MFLR's recent stock price of $9.99, this dividend works out to approximately 0.60%, so look for shares of Mayflower Bancorp Inc to trade 0.60% lower — all else being equal — when MFLR shares open for trading on 5/10/13.

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Below is a dividend history chart for MFLR, showing historical dividends prior to the most recent $0.06 declared by Mayflower Bancorp Inc:

MFLR+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 MFLR is likely to continue, and whether the current estimated yield of 2.40% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MFLR shares, versus its 200 day moving average:

Mayflower Bancorp Inc 200 Day Moving Average Chart

Looking at the chart above, MFLR's low point in its 52 week range is $9.03 per share, with $11.25 as the 52 week high point — that compares with a last trade of $9.99.

In Wednesday trading, Mayflower Bancorp Inc shares are currently trading flat on the day.
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