Spyglass Resources About To Put More Money In Your Pocket (SGL)

On 10/23/13, Spyglass Resources Corp (TSX: SGL.TO) will trade ex-dividend, for its monthly dividend of $0.0225, payable on 11/15/13. As a percentage of SGL's recent stock price of $1.90, this dividend works out to approximately 1.18%, so look for shares of Spyglass Resources Corp to trade 1.18% lower — all else being equal — when SGL shares open for trading on 10/23/13.

Below is a dividend history chart for SGL, showing historical dividends prior to the most recent $0.0225 declared by Spyglass Resources Corp:

SGL+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 SGL is likely to continue, and whether the current estimated yield of 14.21% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SGL shares, versus its 200 day moving average:

Spyglass Resources Corp 200 Day Moving Average Chart

Looking at the chart above, SGL's low point in its 52 week range is $1.53 per share, with $2.83 as the 52 week high point — that compares with a last trade of $1.90.

In Monday trading, Spyglass Resources Corp shares are currently up about 3.3% on the day.
null

If you liked this article you might like

Medicure Breaks Above 200-Day Moving Average - Bullish For MPH

CWL Crosses Above Key Moving Average Level

Financial 15 Split Corporation II (FFN) Shares Cross Above 200 DMA

Top 20 Dividend (TTY-UN) Shares Cross 7% Yield Mark

US Housing Recovery Fund Class A (USH-UN) Shares Cross 6% Yield Mark