Cash Dividend On The Way From RBC Target 2016 Corporate Bond Index ETF (RQD)

On 10/23/13, RBC Target 2016 Corporate Bond Index ETF (TSX: RQD.TO) will trade ex-dividend, for its monthly dividend of $0.063, payable on 10/31/13. As a percentage of RQD's recent stock price of $19.70, this dividend works out to approximately 0.32%.

Below is a dividend history chart for RQD, showing historical dividends prior to the most recent $0.063 declared by RBC Target 2016 Corporate Bond Index ETF:

RQD+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 RQD is likely to continue, and whether the current estimated yield of 3.84% on annualized basis is a reasonable expectation of annual yield going forward.

In Monday trading, RBC Target 2016 Corporate Bond Index ETF shares are currently trading flat on the day.

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