CXW Ex-Dividend Reminder - 3/31/14

Looking at the universe of stocks we cover at Dividend Channel, on 3/31/14, Corrections Corporation of America ( CXW) will trade ex-dividend, for its quarterly dividend of $0.51, payable on 4/15/14. As a percentage of CXW's recent stock price of $31.80, this dividend works out to approximately 1.60%, so look for shares of Corrections Corporation of America to trade 1.60% lower — all else being equal — when CXW shares open for trading on 3/31/14.

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 CXW, showing historical dividends prior to the most recent $0.51 declared by Corrections Corporation of America:

CXW+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 CXW is likely to continue, and whether the current estimated yield of 6.42% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CXW shares, versus its 200 day moving average:

Corrections Corporation of America 200 Day Moving Average Chart

Looking at the chart above, CXW's low point in its 52 week range is $30.37 per share, with $41.40 as the 52 week high point — that compares with a last trade of $31.81.

According to the ETF Finder at ETF Channel, CXW makes up 1.84% of the First Trust RBA Quality Income ETF ( QINC) which is trading relatively unchanged on the day Thursday.

In Thursday trading, Corrections Corporation of America shares are currently off about 0.2% on the day.

If you liked this article you might like

Why the Boardroom Doesn't Need Ivy League Degrees

CoreCivic to Offer Look Inside Its Walls

Cato's Dividend Yield Is the Cat's Meow, but for How Long?

Watchdog Group Sues Justice Department for Records on Private Prison Decisions

Private Prison Operator That Backed Trump Gets Contracts for Criminal Immigrants Facilities