Ex-Div Reminder for Minnesota Municipal Income Portfolio (MXA)

Looking at the universe of stocks we cover at Dividend Channel, on 9/2/14, Minnesota Municipal Income Portfolio ( MXA) will trade ex-dividend, for its monthly dividend of $0.069, payable on 9/17/14. As a percentage of MXA's recent stock price of $15.77, this dividend works out to approximately 0.44%.

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 MXA, showing historical dividends prior to the most recent $0.069 declared by Minnesota Municipal Income Portfolio:

MXA+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 MXA is likely to continue, and whether the current estimated yield of 5.25% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MXA shares, versus its 200 day moving average:

Minnesota Municipal Income Portfolio 200 Day Moving Average Chart

Looking at the chart above, MXA's low point in its 52 week range is $13.92 per share, with $17.70 as the 52 week high point — that compares with a last trade of $15.77.

In Friday trading, Minnesota Municipal Income Portfolio shares are currently up about 1.8% on the day.

If you liked this article you might like

10 Best Municipal Bond Funds for 2012

10 Best Municipal Bond Funds for 2012