SALM Ex-Dividend Reminder - 9/24/13

Looking at the universe of stocks we cover at Dividend Channel, on 9/24/13, Salem Communications Corp. (SALM) will trade ex-dividend, for its quarterly dividend of $0.0525, payable on 10/4/13. As a percentage of SALM's recent stock price of $8.35, this dividend works out to approximately 0.63%, so look for shares of Salem Communications Corp. to trade 0.63% lower — all else being equal — when SALM shares open for trading on 9/24/13.

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Below is a dividend history chart for SALM, showing historical dividends prior to the most recent $0.0525 declared by Salem Communications Corp.:

SALM+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 SALM is likely to continue, and whether the current estimated yield of 2.51% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of SALM shares, versus its 200 day moving average:

Salem Communications Corp. 200 Day Moving Average Chart

Looking at the chart above, SALM's low point in its 52 week range is $4.62 per share, with $10.14 as the 52 week high point — that compares with a last trade of $8.35.

In Friday trading, Salem Communications Corp. shares are currently up about 0.1% on the day.

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