Cash Dividend On The Way From Magic Software Enterprises (MGIC)

Looking at the universe of stocks we cover at Dividend Channel, on 8/19/14, Magic Software Enterprises Ltd. (MGIC) will trade ex-dividend, for its semi-annual dividend of $0.095, payable on 9/4/14. As a percentage of MGIC's recent stock price of $6.96, this dividend works out to approximately 1.36%, so look for shares of Magic Software Enterprises Ltd. to trade 1.36% lower — all else being equal — when MGIC shares open for trading on 8/19/14.

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Below is a dividend history chart for MGIC, showing historical dividends prior to the most recent $0.095 declared by Magic Software Enterprises Ltd.:

MGIC+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 MGIC is likely to continue, and whether the current estimated yield of 2.73% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of MGIC shares, versus its 200 day moving average:

Magic Software Enterprises Ltd. 200 Day Moving Average Chart

Looking at the chart above, MGIC's low point in its 52 week range is $6.00 per share, with $9.83 as the 52 week high point — that compares with a last trade of $6.96.

In Friday trading, Magic Software Enterprises Ltd. shares are currently trading flat on the day.

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