Ex-Div Reminder For Hardwoods Distribution

On 4/17/13, Hardwoods Distribution Inc ( HWD-T) will trade ex-dividend, for its quarterly dividend of $0.035, payable on 4/30/13. As a percentage of HWD's recent stock price of $6.25, this dividend works out to approximately 0.56%, so look for shares of Hardwoods Distribution Inc to trade 0.56% lower — all else being equal — when HWD shares open for trading on 4/17/13.

START SLIDESHOW:
Click here to find out which 9 other Canadian stocks going ex-dividend you should know about »

Below is a dividend history chart for HWD, showing historical dividends prior to the most recent $0.035 declared by Hardwoods Distribution Inc:

HWD+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from HWD is likely to continue, and whether the current estimated yield of 2.24% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HWD shares, versus its 200 day moving average:

Hardwoods Distribution Inc 200 Day Moving Average Chart

Looking at the chart above, HWD's low point in its 52 week range is $3.52 per share, with $6.40 as the 52 week high point — that compares with a last trade of $6.25.

In Monday trading, Hardwoods Distribution Inc shares are currently up about 0.8% on the day.
null