Medical Facilities (DR) Shares Cross 6% Yield Mark

In trading on Monday, shares of Medical Facilities Corp (TSX: DR.TO) were yielding above the 6% mark based on its monthly dividend (annualized to $1.125), with the stock changing hands as low as $18.00 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return.

In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Medical Facilities Corp, looking at the history chart for DR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 6% annual yield.

START SLIDESHOW:
Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

DR+Dividend+History+Chart

The chart below shows the one year performance of DR shares, versus its 200 day moving average:

Medical Facilities Corp 200 Day Moving Average Chart

Looking at the chart above, DR's low point in its 52 week range is $14.32 per share, with $19.82 as the 52 week high point — that compares with a last trade of $18.02.

More from Stocks

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

This Should Be Your Retirement Savings Plan When the Stock Market Crashes

This Should Be Your Retirement Savings Plan When the Stock Market Crashes