Cash Dividend On The Way From Western Asset Municipal Defined Opportunity Trust (MTT)

Looking at the universe of stocks we cover at Dividend Channel, on 2/19/14, Western Asset Municipal Defined Opportunity Trust ( MTT) will trade ex-dividend, for its monthly dividend of $0.084, payable on 2/28/14. As a percentage of MTT's recent stock price of $21.88, this dividend works out to approximately 0.38%.

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Below is a dividend history chart for MTT, showing historical dividends prior to the most recent $0.084 declared by Western Asset Municipal Defined Opportunity Trust:

MTT+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 MTT is likely to continue, and whether the current estimated yield of 4.61% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MTT shares, versus its 200 day moving average:

Western Asset Municipal Defined Opportunity Trust 200 Day Moving Average Chart

Looking at the chart above, MTT's low point in its 52 week range is $19.96 per share, with $24.39 as the 52 week high point — that compares with a last trade of $21.88.

In Tuesday trading, Western Asset Municipal Defined Opportunity Trust shares are currently down about 0.2% on the day.

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