Cash Dividend On The Way From McCoy (MCB)

On 10/9/13, McCoy Corp (TSX: MCB.TO) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 10/25/13. As a percentage of MCB's recent stock price of $7.11, this dividend works out to approximately 0.70%, so look for shares of McCoy Corp to trade 0.70% lower — all else being equal — when MCB shares open for trading on 10/9/13.

Below is a dividend history chart for MCB, showing historical dividends prior to the most recent $0.05 declared by McCoy Corp:

MCB+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 MCB is likely to continue, and whether the current estimated yield of 2.81% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MCB shares, versus its 200 day moving average:

McCoy Corp 200 Day Moving Average Chart

Looking at the chart above, MCB's low point in its 52 week range is $3.23 per share, with $7.16 as the 52 week high point — that compares with a last trade of $7.11.

In Monday trading, McCoy Corp shares are currently trading flat on the day.

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