Ex-Div Reminder For Horizons Silver Yield ETF Alternative Strategies (HZY)

On 10/29/13, Horizons Silver Yield ETF Alternative Strategies (TSX: HZY.TO) will trade ex-dividend, for its monthly dividend of $0.0375, payable on 11/12/13. As a percentage of HZY's recent stock price of $5.82, this dividend works out to approximately 0.64%, so look for shares of Horizons Silver Yield ETF Alternative Strategies to trade 0.64% lower — all else being equal — when HZY shares open for trading on 10/29/13.

Below is a dividend history chart for HZY, showing historical dividends prior to the most recent $0.0375 declared by Horizons Silver Yield ETF Alternative Strategies:

HZY+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 HZY is likely to continue, and whether the current estimated yield of 7.73% on annualized basis is a reasonable expectation of annual yield going forward.

In Monday trading, Horizons Silver Yield ETF Alternative Strategies shares are currently trading flat on the day.

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