Cash Dividend On The Way From LMP Real Estate Income Fund (RIT)

Looking at the universe of stocks we cover at Dividend Channel, on 10/16/13, LMP Real Estate Income Fund ( RIT) will trade ex-dividend, for its monthly dividend of $0.06, payable on 10/25/13. As a percentage of RIT's recent stock price of $10.37, this dividend works out to approximately 0.58%, so look for shares of LMP Real Estate Income Fund to trade 0.58% lower — all else being equal — when RIT shares open for trading on 10/16/13.

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 RIT, showing historical dividends prior to the most recent $0.06 declared by LMP Real Estate Income Fund:

RIT+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 RIT is likely to continue, and whether the current estimated yield of 6.94% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of RIT shares, versus its 200 day moving average:

LMP Real Estate Income Fund 200 Day Moving Average Chart

Looking at the chart above, RIT's low point in its 52 week range is $9.67 per share, with $16.02 as the 52 week high point — that compares with a last trade of $10.37.
Earn a FREE $100 Membership to ValueForum, Just By Telling Us About Your Favorite Stock! (Offer ends 11/10/2013)

In Monday trading, LMP Real Estate Income Fund shares are currently off about 0.9% on the day.

null

If you liked this article you might like

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: RIT, HIE, CTR

Bulldog is Bullish on Five Closed-End Funds

Five Fabulous Closed-End Funds to Own Right Now

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: RIT, GLQ, GLO

RIT Ex-Dividend Reminder - 2/18/15