INCOME PLUS II About To Put More Money In Your Pocket (MIP)

On 10/29/13, INCOME PLUS II (TSX: MIP.TO) will trade ex-dividend, for its monthly dividend of $0.06, payable on 11/15/13. As a percentage of MIP's recent stock price of $11.13, this dividend works out to approximately 0.54%, so look for shares of INCOME PLUS II to trade 0.54% lower — all else being equal — when MIP shares open for trading on 10/29/13.

Below is a dividend history chart for MIP, showing historical dividends prior to the most recent $0.06 declared by INCOME PLUS II:

MIP+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 MIP is likely to continue, and whether the current estimated yield of 6.47% on annualized basis is a reasonable expectation of annual yield going forward.

In Friday trading, INCOME PLUS II shares are currently trading flat on the day.

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