Ex-Div Reminder for New Media Investment Group (NEWM)

Looking at the universe of stocks we cover at Dividend Channel, on 11/7/16, New Media Investment Group Inc ( NEWM) will trade ex-dividend, for its quarterly dividend of $0.35, payable on 11/17/16. As a percentage of NEWM's recent stock price of $14.16, this dividend works out to approximately 2.47%, so look for shares of New Media Investment Group Inc to trade 2.47% lower — all else being equal — when NEWM shares open for trading on 11/7/16.

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 NEWM, showing historical dividends prior to the most recent $0.35 declared by New Media Investment Group Inc:

NEWM+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 NEWM is likely to continue, and whether the current estimated yield of 9.89% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NEWM shares, versus its 200 day moving average:

New Media Investment Group Inc 200 Day Moving Average Chart

Looking at the chart above, NEWM's low point in its 52 week range is $13.95 per share, with $20.11 as the 52 week high point — that compares with a last trade of $14.16.

According to the ETF Finder at ETF Channel, NEWM makes up 1.18% of the Global Spin-Off ETF ( SPUN) which is trading relatively unchanged on the day Thursday.

In Thursday trading, New Media Investment Group Inc shares are currently trading flat on the day.

If you liked this article you might like

New York Times' Good Quarter Shows Its Separation From Newspaper Pack

New York Times' Good Quarter Shows Its Separation From Newspaper Pack

Megaclustering Is Coming for Your Daily Newspaper

Megaclustering Is Coming for Your Daily Newspaper

Content Partners' $400 Million Deal to Buy Revolution Studios Shows Even Old Content Can Sell

Content Partners' $400 Million Deal to Buy Revolution Studios Shows Even Old Content Can Sell

3 Companies With Significant Insider Buying

3 Companies With Significant Insider Buying

New Media Investment Group (NEWM) Stock Closed Lower on Citi Downgrade

New Media Investment Group (NEWM) Stock Closed Lower on Citi Downgrade