Reminder - LMP Corporate Loan Fund (TLI) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 10/16/13, LMP Corporate Loan Fund (TLI) will trade ex-dividend, for its monthly dividend of $0.0725, payable on 10/25/13. As a percentage of TLI's recent stock price of $11.94, this dividend works out to approximately 0.61%, so look for shares of LMP Corporate Loan Fund to trade 0.61% lower — all else being equal — when TLI shares open for trading on 10/16/13.

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Below is a dividend history chart for TLI, showing historical dividends prior to the most recent $0.0725 declared by LMP Corporate Loan Fund:

TLI+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 TLI is likely to continue, and whether the current estimated yield of 7.29% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of TLI shares, versus its 200 day moving average:

LMP Corporate Loan Fund 200 Day Moving Average Chart

Looking at the chart above, TLI's low point in its 52 week range is $11.46 per share, with $14.67 as the 52 week high point — that compares with a last trade of $11.94.
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In Monday trading, LMP Corporate Loan Fund shares are currently down about 0.6% on the day.

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