Cash Dividend On The Way From The Zweig Fund (ZF)
Written by: DividendChannel.com
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, on 4/9/13, The Zweig Fund New ZF
will trade ex-dividend, for its quarterly dividend of $0.223, payable on 4/18/13. As a percentage of ZF's recent stock price of $12.71, this dividend works out to approximately 1.75%, so look for shares of The Zweig Fund to trade 1.75% lower — all else being equal — when ZF shares open for trading on 4/9/13.
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Below is a dividend history chart for ZF, showing historical dividends prior to the most recent $0.223 declared by The Zweig Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ZF is likely to continue, and whether the current estimated yield of 7.02% on annualized basis is a reasonable expectation of annual yield going forward.
In Friday trading, The Zweig Fund shares are currently off about 1% on the day.