SSF-UN Ex-Dividend Reminder - 5/27/15

On 5/27/15, Symphony Floating Rate Senior Loan Fund (TSX: SSF-UN.TO) will trade ex-dividend, for its monthly dividend of $0.05, payable on 6/12/15. As a percentage of SSF.UN's recent stock price of $9.57, this dividend works out to approximately 0.52%, so look for shares of Symphony Floating Rate Senior Loan Fund to trade 0.52% lower — all else being equal — when SSF.UN shares open for trading on 5/27/15.

Below is a dividend history chart for SSF.UN, showing historical dividends prior to the most recent $0.05 declared by Symphony Floating Rate Senior Loan Fund:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SSF.UN is likely to continue, and whether the current estimated yield of 6.27% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SSF.UN shares:

Symphony Floating Rate Senior Loan Fund 200 Day Moving Average Chart

Looking at the chart above, SSF.UN's low point in its 52 week range is $9.08 per share, with $9.80 as the 52 week high point — that compares with a last trade of $9.57.

In Tuesday trading, Symphony Floating Rate Senior Loan Fund shares are currently trading flat on the day.

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