Cash Dividend On The Way From Managed Duration Investment Grade Municipal Fund (MZF)

Looking at the universe of stocks we cover at Dividend Channel, on 10/10/13, Managed Duration Investment Grade Municipal Fund ( MZF) will trade ex-dividend, for its monthly dividend of $0.0735, payable on 10/31/13. As a percentage of MZF's recent stock price of $12.50, this dividend works out to approximately 0.59%, so look for shares of Managed Duration Investment Grade Municipal Fund to trade 0.59% lower — all else being equal — when MZF shares open for trading on 10/10/13.

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Below is a dividend history chart for MZF, showing historical dividends prior to the most recent $0.0735 declared by Managed Duration Investment Grade Municipal Fund:

MZF+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 MZF is likely to continue, and whether the current estimated yield of 7.06% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MZF shares, versus its 200 day moving average:

Managed Duration Investment Grade Municipal Fund 200 Day Moving Average Chart

Looking at the chart above, MZF's low point in its 52 week range is $11.61 per share, with $16.77 as the 52 week high point — that compares with a last trade of $12.50.

In Tuesday trading, Managed Duration Investment Grade Municipal Fund shares are currently off about 0.6% on the day.

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