Cash Dividend On The Way From TECSYS (TCS)
On 9/18/13, TECSYS Inc. (TSX: TCS.TO) will trade ex-dividend, for its semi-annual dividend of $0.035, payable on 10/4/13. As a percentage of TCS's recent stock price of $3.90, this dividend works out to approximately 0.90%, so look for shares of TECSYS Inc. to trade 0.90% lower — all else being equal — when TCS shares open for trading on 9/18/13.
Below is a dividend history chart for TCS, showing historical dividends prior to the most recent $0.035 declared by TECSYS Inc.:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TCS is likely to continue, and whether the current estimated yield of 1.79% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TCS shares, versus its 200 day moving average:Looking at the chart above, TCS's low point in its 52 week range is $2.35 per share, with $4.24 as the 52 week high point — that compares with a last trade of $3.90.
In Monday trading, TECSYS Inc. shares are currently trading flat on the day.
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