Looking at the universe of stocks we cover at Dividend Channel, on 5/16/14, SMTP Inc (SMTP) will trade ex-dividend, for its quarterly dividend of $0.12, payable on 5/30/14. As a percentage of SMTP's recent stock price of $6.21, this dividend works out to approximately 1.93%, so look for shares of SMTP Inc to trade 1.93% lower — all else being equal — when SMTP shares open for trading on 5/16/14.

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Below is a dividend history chart for SMTP, showing historical dividends prior to the most recent $0.12 declared by SMTP Inc:

SMTP+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 SMTP is likely to continue, and whether the current estimated yield of 7.73% on annualized basis is a reasonable expectation of annual yield going forward.

In Wednesday trading, SMTP Inc shares are currently down about 2.8% on the day.