Reitmans About To Put More Money In Your Pocket (RET-A)

On 10/8/13, Reitmans, Ltd. (TSX: RET-A.TO) will trade ex-dividend, for its quarterly dividend of $0.20, payable on 10/24/13. As a percentage of RET.A's recent stock price of $7.40, this dividend works out to approximately 2.70%, so look for shares of Reitmans, Ltd. to trade 2.70% lower — all else being equal — when RET.A shares open for trading on 10/8/13.

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

RET.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 RET.A is likely to continue, and whether the current estimated yield of 10.81% on annualized basis is a reasonable expectation of annual yield going forward.

In Friday trading, Reitmans, Ltd. shares are currently up about 0.7% on the day.
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