Cash Dividend On The Way From Yield Advantaged Convertible Debentures Fund (OCV-UN)

On 11/25/14, Yield Advantaged Convertible Debentures Fund (TSX: OCV-UN.TO) will trade ex-dividend, for its monthly dividend of $0.07, payable on 12/15/14. As a percentage of OCV.UN's recent stock price of $8.36, this dividend works out to approximately 0.84%, so look for shares of Yield Advantaged Convertible Debentures Fund to trade 0.84% lower — all else being equal — when OCV.UN shares open for trading on 11/25/14.

Below is a dividend history chart for OCV.UN, showing historical dividends prior to the most recent $0.07 declared by Yield Advantaged Convertible Debentures Fund:

OCV.UN+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 OCV.UN is likely to continue, and whether the current estimated yield of 10.05% on annualized basis is a reasonable expectation of annual yield going forward.

In Friday trading, Yield Advantaged Convertible Debentures Fund shares are currently trading flat on the day.

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