Reminder - Horizons Gold Yield ETF (HGY) Goes Ex-Dividend Soon

On 10/29/13, Horizons Gold Yield ETF (TSX: HGY.TO) will trade ex-dividend, for its monthly dividend of $0.0476, payable on 11/12/13. As a percentage of HGY's recent stock price of $6.93, this dividend works out to approximately 0.69%, so look for shares of Horizons Gold Yield ETF to trade 0.69% lower — all else being equal — when HGY shares open for trading on 10/29/13.

Below is a dividend history chart for HGY, showing historical dividends prior to the most recent $0.0476 declared by Horizons Gold Yield ETF:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from HGY is likely to continue, and whether the current estimated yield of 8.24% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HGY shares, versus its 200 day moving average:

Horizons Gold Yield ETF 200 Day Moving Average Chart

Looking at the chart above, HGY's low point in its 52 week range is $6.27 per share, with $9.46 as the 52 week high point — that compares with a last trade of $6.93.

In Monday trading, Horizons Gold Yield ETF shares are currently trading flat on the day.