Reminder - BlackRock Corporate High Yield Fund III (CYE) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 10/11/13, BlackRock Corporate High Yield Fund III ( CYE) will trade ex-dividend, for its monthly dividend of $0.0505, payable on 10/31/13. As a percentage of CYE's recent stock price of $7.19, this dividend works out to approximately 0.70%, so look for shares of BlackRock Corporate High Yield Fund III to trade 0.70% lower — all else being equal — when CYE shares open for trading on 10/11/13.

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Below is a dividend history chart for CYE, showing historical dividends prior to the most recent $0.0505 declared by BlackRock Corporate High Yield Fund III:

CYE+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 CYE is likely to continue, and whether the current estimated yield of 8.43% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CYE shares, versus its 200 day moving average:

BlackRock Corporate High Yield Fund III 200 Day Moving Average Chart

Looking at the chart above, CYE's low point in its 52 week range is $6.85 per share, with $8.19 as the 52 week high point — that compares with a last trade of $7.19.

In Wednesday trading, BlackRock Corporate High Yield Fund III shares are currently trading flat on the day.

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