DMF Ex-Dividend Reminder - 10/15/13

Looking at the universe of stocks we cover at Dividend Channel, on 10/15/13, Dreyfus Municipal Income (DMF) will trade ex-dividend, for its monthly dividend of $0.0525, payable on 10/31/13. As a percentage of DMF's recent stock price of $8.29, this dividend works out to approximately 0.63%, so look for shares of Dreyfus Municipal Income to trade 0.63% lower — all else being equal — when DMF shares open for trading on 10/15/13.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for DMF, showing historical dividends prior to the most recent $0.0525 declared by Dreyfus Municipal Income:

DMF+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 DMF is likely to continue, and whether the current estimated yield of 7.60% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of DMF shares, versus its 200 day moving average:

Dreyfus Municipal Income 200 Day Moving Average Chart

Looking at the chart above, DMF's low point in its 52 week range is $8.11 per share, with $11.85 as the 52 week high point — that compares with a last trade of $8.29.
Earn a FREE $100 Membership to ValueForum, Just By Telling Us About Your Favorite Stock! (Offer ends 11/10/2013)

In Friday trading, Dreyfus Municipal Income shares are currently trading flat on the day.

null

More from Stocks

China Makes Good on Car Tariff Pledge, Tesla Wins Big

China Makes Good on Car Tariff Pledge, Tesla Wins Big

Stocks Lower as Optimism Wanes Over China Trade Talks

Stocks Lower as Optimism Wanes Over China Trade Talks

Video: Jim Cramer Reacts to Tiffany's Better Than Expected Earnings

Video: Jim Cramer Reacts to Tiffany's Better Than Expected Earnings

Jim Cramer: Union Pacific Is Positive on NAFTA Talks

Jim Cramer: Union Pacific Is Positive on NAFTA Talks

Jim Cramer: I Remain Constructive on Micron Shares

Jim Cramer: I Remain Constructive on Micron Shares