Cash Dividend On The Way From Horizons Natural Gas Yield ETF (HNY)

On 10/29/13, Horizons Natural Gas Yield ETF (TSX: HNY.TO) will trade ex-dividend, for its monthly dividend of $0.0573, payable on 11/12/13. As a percentage of HNY's recent stock price of $7.57, this dividend works out to approximately 0.76%, so look for shares of Horizons Natural Gas Yield ETF to trade 0.76% lower — all else being equal — when HNY shares open for trading on 10/29/13.

Below is a dividend history chart for HNY, showing historical dividends prior to the most recent $0.0573 declared by Horizons Natural Gas 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 HNY is likely to continue, and whether the current estimated yield of 9.08% on annualized basis is a reasonable expectation of annual yield going forward.

In Monday trading, Horizons Natural Gas Yield ETF shares are currently down about 2.8% on the day.