Another 30 Day Dividends trade is reaching its end point, and now there are a few days to find out the profit level achieved. A position in Medley Capital Corp (NYSE: MCC) was recommended on May 30 with a $12.39 entry point and $13.50 target before the next ex-dividend date.
MCC goes ex-dividend, on August 25, next Monday. As I write this MCC is at $13.42 and moving up. For the newsletter record-keeping purposes, the trade will close on the day the price hits $13.50 or using the closing price on Friday, August 22.
The stocks I track for ex-dividend to ex-dividend price swings are sticking with the pattern. Over the next couple of weeks several more of the stocks have ex-dividend dates and if target prices are hit, you will receive trade entry notices via email.
Feel free to drop me a line at [email protected] if you have any questions.