Ex-Div Reminder For Dow 30SM Premium & Dividend Income Fund (DPD)

Looking at the universe of stocks we cover at Dividend Channel, on 6/12/13, Dow 30SM Premium & Dividend Income Fund ( DPD) will trade ex-dividend, for its quarterly dividend of $0.266, payable on 7/1/13. As a percentage of DPD's recent stock price of $15.24, this dividend works out to approximately 1.75%, so look for shares of Dow 30SM Premium & Dividend Income Fund to trade 1.75% lower — all else being equal — when DPD shares open for trading on 6/12/13.

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Below is a dividend history chart for DPD, showing historical dividends prior to the most recent $0.266 declared by Dow 30SM Premium & Dividend Income Fund:

DPD+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 DPD is likely to continue, and whether the current estimated yield of 6.98% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DPD shares, versus its 200 day moving average:

Dow 30SM Premium & Dividend Income Fund 200 Day Moving Average Chart

Looking at the chart above, DPD's low point in its 52 week range is $12.45 per share, with $16.10 as the 52 week high point — that compares with a last trade of $15.20.

In Monday trading, Dow 30SM Premium & Dividend Income Fund shares are currently down about 0.1% on the day.

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