Looking at the universe of stocks we cover at Dividend Channel, on 11/6/13, MCG Capital Corporation (NASD: MCGC) will trade ex-dividend, for its quarterly dividend of $0.125, payable on 11/22/13. As a percentage of MCGC's recent stock price of $4.79, this dividend works out to approximately 2.61%, so look for shares of MCG Capital Corporation to trade 2.61% lower — all else being equal — when MCGC shares open for trading on 11/6/13.
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Below is a dividend history chart for MCGC, showing historical dividends prior to the most recent $0.125 declared by MCG Capital Corporation:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MCGC is likely to continue, and whether the current estimated yield of 10.44% on annualized basis is a reasonable expectation of annual yield going forward.
The chart below shows the one year performance of MCGC shares, versus its 200 day moving average:
Looking at the chart above, MCGC's low point in its 52 week range is $4.01 per share, with $5.55 as the 52 week high point — that compares with a last trade of $4.78.
According to the ETF Finder at ETFChannel.com, MCGC makes up 2.01% of the BDC Income ETF (AMEX: BIZD)which is trading up by about 0.1% on the day Tuesday.
In Tuesday trading, MCG Capital Corporation shares are currently off about 0.6% on the day.
