Reminder - Cliffs Natural Resources (CLF) Goes Ex-Dividend Soon


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Looking at the universe of stocks we cover at Dividend Channel , on 2/19/14, Cliffs Natural Resources, Inc. (Symbol: CLF) will trade ex-dividend, for its quarterly dividend of $0.15, payable on 3/3/14. As a percentage of CLF's recent stock price of $23.28, this dividend works out to approximately 0.64%, so look for shares of Cliffs Natural Resources, Inc. to trade 0.64% lower - all else being equal - when CLF shares open for trading on 2/19/14.


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CLF is likely to continue, and whether the current estimated yield of 2.58% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CLF shares, versus its 200 day moving average:

Cliffs Natural Resources, Inc. 200 Day Moving Average Chart

Looking at the chart above, CLF's low point in its 52 week range is $15.41 per share, with $29.57 as the 52 week high point - that compares with a last trade of $23.26.

According to the ETF Finder at ETF Channel, CLF makes up 2.88% of the SPDR S&P Metals and Mining ETF (Symbol: XME) which is trading lower by about 0.1% on the day Tuesday.

In Tuesday trading, Cliffs Natural Resources, Inc. shares are currently up about 0.5% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Investing Ideas
Referenced Stocks: CLF , XME

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