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CXW Ex-Dividend Reminder - 4/1/13

By Dividend Channel Staff, Thursday, March 28, 10:19 AM ET
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On 4/1/13, Corrections Corporation of America (NYSE:CXW) will trade ex-dividend, for its quarterly dividend of $0.53, payable on 4/15/13. As a percentage of CXW's recent stock price of $38.51, this dividend works out to approximately 1.38%, so look for shares of Corrections Corporation of America to trade 1.38% lower all else being equal when CXW shares open for trading on 4/1/13.

Below is a dividend history chart for CXW, showing historical dividends prior to the most recent $0.53 declared by Corrections Corporation of America:

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CXW is likely to continue, and whether the current estimated yield of 5.51% on annualized basis is a reasonable expectation of annual yield going forward.

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In Thursday trading, Corrections Corporation of America shares are currently up about 0.2% on the day.

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