Cash Dividend On The Way From The Zweig Fund New (ZF)

Looking at the universe of stocks we cover at Dividend Channel, on 7/9/13, The Zweig Fund New ( ZF) will trade ex-dividend, for its quarterly dividend of $0.219, payable on 7/18/13. As a percentage of ZF's recent stock price of $12.90, this dividend works out to approximately 1.70%, so look for shares of The Zweig Fund New to trade 1.70% lower — all else being equal — when ZF shares open for trading on 7/9/13.

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Below is a dividend history chart for ZF, showing historical dividends prior to the most recent $0.219 declared by The Zweig Fund New:

ZF+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 ZF is likely to continue, and whether the current estimated yield of 6.79% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZF shares, versus its 200 day moving average:

The Zweig Fund New 200 Day Moving Average Chart

Looking at the chart above, ZF's low point in its 52 week range is $11.28 per share, with $13.60 as the 52 week high point — that compares with a last trade of $12.90.

In Friday trading, The Zweig Fund New shares are currently up about 0.2% on the day.
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