Ex-Div Reminder For Avenue Income Credit Strategies (ACP)

Looking at the universe of stocks we cover at Dividend Channel, on 10/10/13, Avenue Income Credit Strategies ( ACP) will trade ex-dividend, for its monthly dividend of $0.12, payable on 10/31/13. As a percentage of ACP's recent stock price of $16.69, this dividend works out to approximately 0.72%, so look for shares of Avenue Income Credit Strategies to trade 0.72% lower — all else being equal — when ACP shares open for trading on 10/10/13.

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Below is a dividend history chart for ACP, showing historical dividends prior to the most recent $0.12 declared by Avenue Income Credit Strategies:

ACP+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 ACP is likely to continue, and whether the current estimated yield of 8.63% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ACP shares, versus its 200 day moving average:

Avenue Income Credit Strategies 200 Day Moving Average Chart

Looking at the chart above, ACP's low point in its 52 week range is $16.24 per share, with $19.92 as the 52 week high point — that compares with a last trade of $16.69.

According to the ETF Finder at ETF Channel, ACP makes up 3.63% of the Low Volatility Emerging Markets Dividend ETF ( HILO) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Avenue Income Credit Strategies shares are currently down about 0.1% on the day.

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