Cash Dividend On The Way From Zargon Oil & Gas (ZAR)

On 10/29/13, Zargon Oil & Gas Ltd (TSX: ZAR.TO) will trade ex-dividend, for its monthly dividend of $0.06, payable on 11/15/13. As a percentage of ZAR's recent stock price of $7.50, this dividend works out to approximately 0.80%, so look for shares of Zargon Oil & Gas Ltd to trade 0.80% lower — all else being equal — when ZAR shares open for trading on 10/29/13.

Below is a dividend history chart for ZAR, showing historical dividends prior to the most recent $0.06 declared by Zargon Oil & Gas Ltd :

ZAR+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 ZAR is likely to continue, and whether the current estimated yield of 9.60% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZAR shares, versus its 200 day moving average:

Zargon Oil & Gas Ltd  200 Day Moving Average Chart

Looking at the chart above, ZAR's low point in its 52 week range is $6.00 per share, with $8.98 as the 52 week high point — that compares with a last trade of $7.50.

In Friday trading, Zargon Oil & Gas Ltd shares are currently trading flat on the day.

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