Ex-Div Reminder for Canadian Utilities & Telecom Income Fund (UTE-UN)

On 2/13/14, Canadian Utilities & Telecom Income Fund (TSX: UTE-UN.TO) will trade ex-dividend, for its monthly dividend of $0.0684, payable on 2/28/14. As a percentage of UTE.UN's recent stock price of $11.60, this dividend works out to approximately 0.59%, so look for shares of Canadian Utilities & Telecom Income Fund to trade 0.59% lower — all else being equal — when UTE.UN shares open for trading on 2/13/14.

Below is a dividend history chart for UTE.UN, showing historical dividends prior to the most recent $0.0684 declared by Canadian Utilities & Telecom Income Fund:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from UTE.UN is likely to continue, and whether the current estimated yield of 7.08% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, Canadian Utilities & Telecom Income Fund shares are currently up about 0.1% on the day.

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