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.

null

More from Stocks

Dow Logs Eighth Straight Drop as Stocks Slump

Dow Logs Eighth Straight Drop as Stocks Slump

Novo Nordisk Stock Rises 4% Over 2 Sessions

Novo Nordisk Stock Rises 4% Over 2 Sessions

Stock Market Just Took Another Beating -- Here's What You Need to Know

Stock Market Just Took Another Beating -- Here's What You Need to Know

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

Daimler's Profit Warning Should Terrify Traders Before Earnings Season Begins

Daimler's Profit Warning Should Terrify Traders Before Earnings Season Begins