American Income Fund About To Put More Money In Your Pocket (MRF)

Looking at the universe of stocks we cover at Dividend Channel, on 3/3/14, American Income Fund (MRF) will trade ex-dividend, for its monthly dividend of $0.04, payable on 3/19/14. As a percentage of MRF's recent stock price of $7.72, this dividend works out to approximately 0.52%, so look for shares of American Income Fund to trade 0.52% lower — all else being equal — when MRF shares open for trading on 3/3/14.

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Below is a dividend history chart for MRF, showing historical dividends prior to the most recent $0.04 declared by American Income Fund:

MRF+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 MRF is likely to continue, and whether the current estimated yield of 6.22% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of MRF shares, versus its 200 day moving average:

American Income Fund 200 Day Moving Average Chart

Looking at the chart above, MRF's low point in its 52 week range is $7.10 per share, with $8.78 as the 52 week high point — that compares with a last trade of $7.72.

According to the ETF Finder at ETF Channel, MRF makes up 3.61% of the India Consumer ETF ( INCO) which is trading relatively unchanged on the day Thursday.

In Thursday trading, American Income Fund shares are currently up about 0.4% on the day.

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