Ex-Div Reminder For Reitmans (RET)

On 10/8/13, Reitmans, Ltd. (TSX: RET.TO) will trade ex-dividend, for its quarterly dividend of $0.20, payable on 10/24/13. As a percentage of RET's recent stock price of $7.68, this dividend works out to approximately 2.60%, so look for shares of Reitmans, Ltd. to trade 2.60% lower — all else being equal — when RET shares open for trading on 10/8/13.

Below is a dividend history chart for RET, showing historical dividends prior to the most recent $0.20 declared by Reitmans, Ltd.:

RET+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 RET is likely to continue, and whether the current estimated yield of 10.42% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of RET shares, versus its 200 day moving average:

Reitmans, Ltd. 200 Day Moving Average Chart

Looking at the chart above, RET's low point in its 52 week range is $7.44 per share, with $12.92 as the 52 week high point — that compares with a last trade of $7.71.

In Friday trading, Reitmans, Ltd. shares are currently trading flat on the day.
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