ETRACS 2x Leveraged Long Wells Fargo Business Development About To Put More Money In Your Pocket (BDCL)

Looking at the universe of stocks we cover at Dividend Channel, on 10/9/13, ETRACS 2x Leveraged Long Wells Fargo Business Development ( BDCL) will trade ex-dividend, for its quarterly dividend of $1.0022, payable on 10/12/13. As a percentage of BDCL's recent stock price of $27.42, this dividend works out to approximately 3.65%, so look for shares of ETRACS 2x Leveraged Long Wells Fargo Business Development to trade 3.65% lower — all else being equal — when BDCL shares open for trading on 10/9/13.

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Below is a dividend history chart for BDCL, showing historical dividends prior to the most recent $1.0022 declared by ETRACS 2x Leveraged Long Wells Fargo Business Development:

BDCL+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 BDCL is likely to continue, and whether the current estimated yield of 14.62% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BDCL shares, versus its 200 day moving average:

ETRACS 2x Leveraged Long Wells Fargo Business Development 200 Day Moving Average Chart

Looking at the chart above, BDCL's low point in its 52 week range is $20.83 per share, with $30.30 as the 52 week high point — that compares with a last trade of $27.40.

In Monday trading, ETRACS 2x Leveraged Long Wells Fargo Business Development shares are currently off about 0.9% on the day.

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