Reminder - Tessco Technologies (TESS) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 8/5/13, Tessco Technologies, Inc. ( TESS) will trade ex-dividend, for its quarterly dividend of $0.18, payable on 8/21/13. As a percentage of TESS's recent stock price of $32.54, this dividend works out to approximately 0.55%, so look for shares of Tessco Technologies, Inc. to trade 0.55% lower — all else being equal — when TESS shares open for trading on 8/5/13.

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Below is a dividend history chart for TESS, showing historical dividends prior to the most recent $0.18 declared by Tessco Technologies, Inc.:

TESS+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 TESS is likely to continue, and whether the current estimated yield of 2.21% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TESS shares, versus its 200 day moving average:

Tessco Technologies, Inc. 200 Day Moving Average Chart

Looking at the chart above, TESS's low point in its 52 week range is $17.76 per share, with $33.40 as the 52 week high point — that compares with a last trade of $32.54.

In Thursday trading, Tessco Technologies, Inc. shares are currently up about 1.6% on the day.
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