Reminder - MicroFinancial (MFI) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 10/31/13, MicroFinancial, Inc. ( MFI) will trade ex-dividend, for its quarterly dividend of $0.07, payable on 11/15/13. As a percentage of MFI's recent stock price of $8.73, this dividend works out to approximately 0.80%, so look for shares of MicroFinancial, Inc. to trade 0.80% lower — all else being equal — when MFI shares open for trading on 10/31/13.

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Below is a dividend history chart for MFI, showing historical dividends prior to the most recent $0.07 declared by MicroFinancial, Inc.:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MFI is likely to continue, and whether the current estimated yield of 3.21% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MFI shares, versus its 200 day moving average:

MicroFinancial, Inc. 200 Day Moving Average Chart

Looking at the chart above, MFI's low point in its 52 week range is $6.51 per share, with $9.30 as the 52 week high point — that compares with a last trade of $8.73.

In Tuesday trading, MicroFinancial, Inc. shares are currently down about 0.1% on the day.