Cash Dividend On The Way From MCG Capital (MCGC)

Looking at the universe of stocks we cover at Dividend Channel, on 8/18/14, MCG Capital Corporation (MCGC) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 8/29/14. As a percentage of MCGC's recent stock price of $3.97, this dividend works out to approximately 1.26%, so look for shares of MCG Capital Corporation to trade 1.26% lower — all else being equal — when MCGC shares open for trading on 8/18/14.

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Below is a dividend history chart for MCGC, showing historical dividends prior to the most recent $0.05 declared by MCG Capital Corporation:

MCGC+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 MCGC is likely to continue, and whether the current estimated yield of 5.04% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of MCGC shares, versus its 200 day moving average:

MCG Capital Corporation 200 Day Moving Average Chart

Looking at the chart above, MCGC's low point in its 52 week range is $3.20 per share, with $5.36 as the 52 week high point — that compares with a last trade of $3.94.

According to the ETF Finder at ETF Channel, MCGC makes up 1.20% of the BDC Income ETF ( BIZD) which is trading lower by about 0.1% on the day Thursday.

In Thursday trading, MCG Capital Corporation shares are currently up about 0.5% on the day.

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