On 10/29/13, Twin Butte Energy Ltd (TSX: TBE.TO) will trade ex-dividend, for its monthly dividend of $0.016, payable on 11/15/13. As a percentage of TBE's recent stock price of $2.34, this dividend works out to approximately 0.68%, so look for shares of Twin Butte Energy Ltd to trade 0.68% lower — all else being equal — when TBE shares open for trading on 10/29/13.
Below is a dividend history chart for TBE, showing historical dividends prior to the most recent $0.016 declared by Twin Butte Energy Ltd:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TBE is likely to continue, and whether the current estimated yield of 8.21% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TBE shares, versus its 200 day moving average: 
Looking at the chart above, TBE's low point in its 52 week range is $1.60 per share, with $3.00 as the 52 week high point — that compares with a last trade of $2.34. In Friday trading, Twin Butte Energy Ltd shares are currently up about 0.4% on the day. 
