Faircourt Gold Income About To Put More Money In Your Pocket (FGX)

On 10/29/13, Faircourt Gold Income Corp. (TSX: FGX.TO) will trade ex-dividend, for its monthly dividend of $0.048, payable on 11/14/13. As a percentage of FGX's recent stock price of $4.85, this dividend works out to approximately 0.99%, so look for shares of Faircourt Gold Income Corp. to trade 0.99% lower — all else being equal — when FGX shares open for trading on 10/29/13.

Below is a dividend history chart for FGX, showing historical dividends prior to the most recent $0.048 declared by Faircourt Gold Income Corp.:

FGX+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 FGX is likely to continue, and whether the current estimated yield of 11.88% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FGX shares, versus its 200 day moving average:

Faircourt Gold Income Corp. 200 Day Moving Average Chart

Looking at the chart above, FGX's low point in its 52 week range is $4.39 per share, with $8.50 as the 52 week high point — that compares with a last trade of $4.85.

In Friday trading, Faircourt Gold Income Corp. shares are currently trading flat on the day.

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