Looking at the universe of stocks we cover at Dividend Channel , on 6/12/14, Fifth Street Finance Corporation (Symbol: FSC) will trade ex-dividend, for its monthly dividend of $0.0833, payable on 6/30/14. As a percentage of FSC's recent stock price of $9.46, this dividend works out to approximately 0.88%, so look for shares of Fifth Street Finance Corporation to trade 0.88% lower - all else being equal - when FSC shares open for trading on 6/12/14.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FSC is likely to continue, and whether the current estimated yield of 10.57% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FSC shares, versus its 200 day moving average:
Looking at the chart above, FSC's low point in its 52 week range is $8.94 per share, with $10.96 as the 52 week high point - that compares with a last trade of $9.47.
According to the ETF Finder at ETF Channel, FSC makes up 5.18% of the BDC Income ETF (Symbol: BIZD) which is trading lower by about 0.1% on the day Tuesday.
In Tuesday trading, Fifth Street Finance Corporation shares are currently up about 0.1% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
