Ex-Div Reminder For Timbercreek Mortgage Investment (TMC)

On 10/29/13, Timbercreek Mortgage Investment Corp (TSX: TMC.TO) will trade ex-dividend, for its monthly dividend of $0.063, payable on 11/15/13. As a percentage of TMC's recent stock price of $9.30, this dividend works out to approximately 0.68%, so look for shares of Timbercreek Mortgage Investment Corp to trade 0.68% lower — all else being equal — when TMC shares open for trading on 10/29/13.

Below is a dividend history chart for TMC, showing historical dividends prior to the most recent $0.063 declared by Timbercreek Mortgage Investment Corp:

TMC+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 TMC is likely to continue, and whether the current estimated yield of 8.13% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TMC shares, versus its 200 day moving average:

Timbercreek Mortgage Investment Corp 200 Day Moving Average Chart

Looking at the chart above, TMC's low point in its 52 week range is $8.95 per share, with $10.50 as the 52 week high point — that compares with a last trade of $9.30.

In Friday trading, Timbercreek Mortgage Investment Corp shares are currently trading flat on the day.
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