Horizons Preferred Share ETF About To Put More Money In Your Pocket (HPR-A)

On 6/26/13, Horizons Preferred Share ETF (TSX: HPR-A.TO) will trade ex-dividend, for its monthly dividend of $0.0299, payable on 7/11/13. As a percentage of HPR.A's recent stock price of $10.00, this dividend works out to approximately 0.30%.

Below is a dividend history chart for HPR.A, showing historical dividends prior to the most recent $0.0299 declared by Horizons Preferred Share ETF:

HPR.A+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 HPR.A is likely to continue, and whether the current estimated yield of 3.59% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, Horizons Preferred Share ETF shares are currently trading flat on the day.
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