Transalta Renewables Incorporated About To Put More Money In Your Pocket (RNW)

On 10/30/13, Transalta Renewables Incorporated (TSX: RNW.TO) will trade ex-dividend, for its monthly dividend of $0.0625, payable on 11/29/13. As a percentage of RNW's recent stock price of $10.22, this dividend works out to approximately 0.61%, so look for shares of Transalta Renewables Incorporated to trade 0.61% lower — all else being equal — when RNW shares open for trading on 10/30/13.

Below is a dividend history chart for RNW, showing historical dividends prior to the most recent $0.0625 declared by Transalta Renewables Incorporated:

RNW+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 RNW is likely to continue, and whether the current estimated yield of 7.34% on annualized basis is a reasonable expectation of annual yield going forward.

In Monday trading, Transalta Renewables Incorporated shares are currently trading flat on the day.
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