Cash Dividend On The Way From Wajax (WJX)

On 10/29/13, Wajax Corp (TSX: WJX.TO) will trade ex-dividend, for its monthly dividend of $0.20, payable on 11/20/13. As a percentage of WJX's recent stock price of $36.20, this dividend works out to approximately 0.55%, so look for shares of Wajax Corp to trade 0.55% lower — all else being equal — when WJX shares open for trading on 10/29/13.

Below is a dividend history chart for WJX, showing historical dividends prior to the most recent $0.20 declared by Wajax Corp:

WJX+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 WJX is likely to continue, and whether the current estimated yield of 6.63% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of WJX shares, versus its 200 day moving average:

Wajax Corp 200 Day Moving Average Chart

Looking at the chart above, WJX's low point in its 52 week range is $29.38 per share, with $46.24 as the 52 week high point — that compares with a last trade of $36.24.

In Friday trading, Wajax Corp shares are currently off about 0.1% on the day.

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