Ex-Div Reminder for Cutwater Select Income Fund (CSI)

Looking at the universe of stocks we cover at Dividend Channel, on 10/1/14, Cutwater Select Income Fund (CSI) will trade ex-dividend, for its quarterly dividend of $0.265, payable on 11/4/14. As a percentage of CSI's recent stock price of $19.77, this dividend works out to approximately 1.34%, so look for shares of Cutwater Select Income Fund to trade 1.34% lower — all else being equal — when CSI shares open for trading on 10/1/14.

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Below is a dividend history chart for CSI, showing historical dividends prior to the most recent $0.265 declared by Cutwater Select Income Fund:

CSI+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 CSI is likely to continue, and whether the current estimated yield of 5.36% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of CSI shares, versus its 200 day moving average:

Cutwater Select Income Fund 200 Day Moving Average Chart

Looking at the chart above, CSI's low point in its 52 week range is $17.39 per share, with $20.32 as the 52 week high point — that compares with a last trade of $19.77.

In Monday trading, Cutwater Select Income Fund shares are currently down about 0.3% on the day.

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