Cash Dividend On The Way From Metals Plus Income A (MPI)

On 10/29/13, Metals Plus Income A (TSX: MPI.TO) will trade ex-dividend, for its monthly dividend of $0.05, payable on 11/14/13. As a percentage of MPI's recent stock price of $4.36, this dividend works out to approximately 1.15%, so look for shares of Metals Plus Income A to trade 1.15% lower — all else being equal — when MPI shares open for trading on 10/29/13.

Below is a dividend history chart for MPI, showing historical dividends prior to the most recent $0.05 declared by Metals Plus Income A:

MPI+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 MPI is likely to continue, and whether the current estimated yield of 13.76% on annualized basis is a reasonable expectation of annual yield going forward.

In Friday trading, Metals Plus Income A shares are currently trading flat on the day.

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