Ex-Div Reminder for Cornerstone Progressive Return Fund (CFP)

Looking at the universe of stocks we cover at Dividend Channel, on 3/12/15, Cornerstone Progressive Return Fund (CFP) will trade ex-dividend, for its monthly dividend of $0.2858, payable on 3/31/15. As a percentage of CFP's recent stock price of $16.15, this dividend works out to approximately 1.77%, so look for shares of Cornerstone Progressive Return Fund to trade 1.77% lower — all else being equal — when CFP shares open for trading on 3/12/15.

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 CFP, showing historical dividends prior to the most recent $0.2858 declared by Cornerstone Progressive Return Fund:

CFP+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 CFP is likely to continue, and whether the current estimated yield of 21.24% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of CFP shares, versus its 200 day moving average:

Cornerstone Progressive Return Fund 200 Day Moving Average Chart

Looking at the chart above, CFP's low point in its 52 week range is $12.52 per share, with $21.72 as the 52 week high point — that compares with a last trade of $16.17.

According to the ETF Finder at ETF Channel, CFP makes up 3.31% of the Guggenheim Timber ETF ( CUT) which is trading lower by about 1.6% on the day Tuesday.

In Tuesday trading, Cornerstone Progressive Return Fund shares are currently down about 0.9% on the day.

More from Stocks

Apple Edges Lower as Goldman Sours on iPhone Forecasts, Cuts Price Target

Apple Edges Lower as Goldman Sours on iPhone Forecasts, Cuts Price Target

Starbucks to Lay Off 5% of Global Corporate Workforce, Report Says

Starbucks to Lay Off 5% of Global Corporate Workforce, Report Says

Dow Fluctuates, Nasdaq Rises as Tech Shares Trade Higher

Dow Fluctuates, Nasdaq Rises as Tech Shares Trade Higher

What's Ahead for Prudential Financial Stock?

What's Ahead for Prudential Financial Stock?

GE Gains on Plans to Reduce Stake in Baker Hughes

GE Gains on Plans to Reduce Stake in Baker Hughes