Cash Dividend On The Way From Synalloy (SYNL)

Looking at the universe of stocks we cover at Dividend Channel, on 11/14/13, Synalloy Corp. (SYNL) will trade ex-dividend, for its annual dividend of $0.26, payable on 12/3/13. As a percentage of SYNL's recent stock price of $16.06, this dividend works out to approximately 1.62%, so look for shares of Synalloy Corp. to trade 1.62% lower — all else being equal — when SYNL shares open for trading on 11/14/13.

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Below is a dividend history chart for SYNL, showing historical dividends prior to the most recent $0.26 declared by Synalloy Corp.:

SYNL+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 SYNL is likely to continue, and whether the current estimated yield of 1.62% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of SYNL shares, versus its 200 day moving average:

Synalloy Corp. 200 Day Moving Average Chart

Looking at the chart above, SYNL's low point in its 52 week range is $12.26 per share, with $17.38 as the 52 week high point — that compares with a last trade of $16.06.

In Tuesday trading, Synalloy Corp. shares are currently up about 1.2% on the day.

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