Minnesota Municipal Income Fund II About To Put More Money In Your Pocket (MXN)

Looking at the universe of stocks we cover at Dividend Channel, on 11/1/13, Minnesota Municipal Income Fund II ( MXN) will trade ex-dividend, for its monthly dividend of $0.0625, payable on 11/20/13. As a percentage of MXN's recent stock price of $13.75, this dividend works out to approximately 0.45%.

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 MXN, showing historical dividends prior to the most recent $0.0625 declared by Minnesota Municipal Income Fund II:

MXN+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 MXN is likely to continue, and whether the current estimated yield of 5.45% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MXN shares, versus its 200 day moving average:

Minnesota Municipal Income Fund II 200 Day Moving Average Chart

Looking at the chart above, MXN's low point in its 52 week range is $13.01 per share, with $18.42 as the 52 week high point — that compares with a last trade of $13.75.

In Wednesday trading, Minnesota Municipal Income Fund II shares are currently trading flat on the day.
null

If you liked this article you might like

10 Best Municipal Bond Funds for 2012