Cash Dividend On The Way From GLENTEL (GLN)

On 10/8/13, GLENTEL Inc (TSX: GLN.TO) will trade ex-dividend, for its quarterly dividend of $0.125, payable on 10/24/13. As a percentage of GLN's recent stock price of $15.20, this dividend works out to approximately 0.82%, so look for shares of GLENTEL Inc to trade 0.82% lower — all else being equal — when GLN shares open for trading on 10/8/13.

Below is a dividend history chart for GLN, showing historical dividends prior to the most recent $0.125 declared by GLENTEL Inc:

GLN+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 GLN is likely to continue, and whether the current estimated yield of 3.29% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of GLN shares, versus its 200 day moving average:

GLENTEL Inc 200 Day Moving Average Chart

Looking at the chart above, GLN's low point in its 52 week range is $12.26 per share, with $20.05 as the 52 week high point — that compares with a last trade of $15.20.

In Friday trading, GLENTEL Inc shares are currently trading flat on the day.

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