Ex-Div Reminder For Major Drilling Group International (MDI)

On 10/8/13, Major Drilling Group International Inc. (TSX: MDI.TO) will trade ex-dividend, for its semi-annual dividend of $0.10, payable on 11/1/13. As a percentage of MDI's recent stock price of $7.41, this dividend works out to approximately 1.35%, so look for shares of Major Drilling Group International Inc. to trade 1.35% lower — all else being equal — when MDI shares open for trading on 10/8/13.

Below is a dividend history chart for MDI, showing historical dividends prior to the most recent $0.10 declared by Major Drilling Group International Inc.:

MDI+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 MDI is likely to continue, and whether the current estimated yield of 2.70% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MDI shares, versus its 200 day moving average:

Major Drilling Group International Inc. 200 Day Moving Average Chart

Looking at the chart above, MDI's low point in its 52 week range is $6.41 per share, with $12.20 as the 52 week high point — that compares with a last trade of $7.41.

In Friday trading, Major Drilling Group International Inc. shares are currently trading flat on the day.

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