Medley Capital Corp Trade is Closed: The Results
As noted in yesterday’s email, the ex-dividend swing trade on Medley Capital Corp. (NYSE: MCC) was closed out for 30 Day Dividends using today’s closing price of $13.06. The stock goes ex-dividend on Monday so will open at about $12.69, based on the 37 cent dividend.
The trade was established on May 30th with an entry price of $12.39. The gain to $13.06 equates to a 5.41% profit. The trade was open for 84 days, resulting in an annualized return of 23.5%.
To help with your trading profits, remember that our prices are restricted by publishing schedules and our practice of using daily closing prices to calculate results. Due to share price fluctuations, subscribers should be able to find entries at a lower share price and close out at the same or higher price. As a result, you have a very good opportunity to exceed the returns reported on the 30 Day Dividends recommended trades.