Ex-Div Reminder For Dividend And Income Fund (DNI)

Looking at the universe of stocks we cover at Dividend Channel, on 6/11/15, Dividend and Income Fund (DNI) will trade ex-dividend, for its quarterly dividend of $0.408, payable on 6/30/15. As a percentage of DNI's recent stock price of $15.00, this dividend works out to approximately 2.72%, so look for shares of Dividend and Income Fund to trade 2.72% lower — all else being equal — when DNI shares open for trading on 6/11/15.

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Below is a dividend history chart for DNI, showing historical dividends prior to the most recent $0.408 declared by Dividend and Income Fund:

DNI+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 DNI is likely to continue, and whether the current estimated yield of 10.88% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DNI shares, versus its 200 day moving average:

Dividend and Income Fund 200 Day Moving Average Chart

Looking at the chart above, DNI's low point in its 52 week range is $14.64 per share, with $17.00 as the 52 week high point — that compares with a last trade of $15.00.

In Tuesday trading, Dividend and Income Fund shares are currently up about 0.1% on the day.

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