Cash Dividend On The Way From ING Global Advantage and Premium Opportunity Fund (IGA)

Looking at the universe of stocks we cover at Dividend Channel, on 10/1/14, ING Global Advantage and Premium Opportunity Fund (IGA) will trade ex-dividend, for its quarterly dividend of $0.28, payable on 10/15/14. As a percentage of IGA's recent stock price of $12.26, this dividend works out to approximately 2.28%, so look for shares of ING Global Advantage and Premium Opportunity Fund to trade 2.28% lower — all else being equal — when IGA shares open for trading on 10/1/14.

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Below is a dividend history chart for IGA, showing historical dividends prior to the most recent $0.28 declared by ING Global Advantage and Premium Opportunity Fund:

IGA+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 IGA is likely to continue, and whether the current estimated yield of 9.14% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of IGA shares, versus its 200 day moving average:

ING Global Advantage and Premium Opportunity Fund 200 Day Moving Average Chart

Looking at the chart above, IGA's low point in its 52 week range is $11.20 per share, with $12.93 as the 52 week high point — that compares with a last trade of $12.26.

In Monday trading, ING Global Advantage and Premium Opportunity Fund shares are currently down about 1.2% on the day.

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