Cash Dividend On The Way From Savanna Energy Services (SVY)

On 10/29/13, Savanna Energy Services Corp (TSX: SVY.TO) will trade ex-dividend, for its monthly dividend of $0.03, payable on 11/15/13. As a percentage of SVY's recent stock price of $7.75, this dividend works out to approximately 0.39%.

Below is a dividend history chart for SVY, showing historical dividends prior to the most recent $0.03 declared by Savanna Energy Services Corp:

SVY+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 SVY is likely to continue, and whether the current estimated yield of 4.65% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SVY shares, versus its 200 day moving average:

Savanna Energy Services Corp 200 Day Moving Average Chart

Looking at the chart above, SVY's low point in its 52 week range is $6.30 per share, with $8.15 as the 52 week high point — that compares with a last trade of $7.77.

In Friday trading, Savanna Energy Services Corp shares are currently off about 0.4% on the day.

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