Hardwoods Distribution About To Put More Money In Your Pocket (HWD)

On 10/16/13, Hardwoods Distribution Inc (TSX: HWD.TO) will trade ex-dividend, for its quarterly dividend of $0.035, payable on 10/31/13. As a percentage of HWD's recent stock price of $8.50, this dividend works out to approximately 0.41%.

Below is a dividend history chart for HWD, showing historical dividends prior to the most recent $0.035 declared by Hardwoods Distribution Inc:

HWD+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 HWD is likely to continue, and whether the current estimated yield of 1.65% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HWD shares, versus its 200 day moving average:

Hardwoods Distribution Inc 200 Day Moving Average Chart

Looking at the chart above, HWD's low point in its 52 week range is $4.35 per share, with $9.16 as the 52 week high point — that compares with a last trade of $8.50.
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In Tuesday trading, Hardwoods Distribution Inc shares are currently up about 0.9% on the day.
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