Reminder - Gold Resource (GORO) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 12/9/13, Gold Resource Corp ( GORO) will trade ex-dividend, for its monthly dividend of $0.03, payable on 12/23/13. As a percentage of GORO's recent stock price of $4.93, this dividend works out to approximately 0.61%, so look for shares of Gold Resource Corp to trade 0.61% lower — all else being equal — when GORO shares open for trading on 12/9/13.

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Below is a dividend history chart for GORO, showing historical dividends prior to the most recent $0.03 declared by Gold Resource Corp:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from GORO is likely to continue, and whether the current estimated yield of 7.30% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of GORO shares, versus its 200 day moving average:

Gold Resource Corp 200 Day Moving Average Chart

Looking at the chart above, GORO's low point in its 52 week range is $4.49 per share, with $16.88 as the 52 week high point — that compares with a last trade of $4.93.

According to the ETF Finder at ETF Channel, GORO makes up 3.19% of the Junior Gold Miners ETF ( GDXJ) which is trading lower by about 2.5% on the day Thursday.

In Thursday trading, Gold Resource Corp shares are currently down about 1.2% on the day.


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