Cash Dividend On The Way From ALB

On 2/24/14, Allbanc Split Corp. II (TSX: ALB.TO) will trade ex-dividend, for its quarterly dividend of $0.1225, payable on 2/28/14. As a percentage of ALB's recent stock price of $16.26, this dividend works out to approximately 0.75%, so look for shares of Allbanc Split Corp. II to trade 0.75% lower — all else being equal — when ALB shares open for trading on 2/24/14.

Below is a dividend history chart for ALB, showing historical dividends prior to the most recent $0.1225 declared by Allbanc Split Corp. II:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ALB is likely to continue, and whether the current estimated yield of 3.01% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ALB shares, versus its 200 day moving average:

Allbanc Split Corp. II 200 Day Moving Average Chart

Looking at the chart above, ALB's low point in its 52 week range is $11.74 per share, with $17.41 as the 52 week high point — that compares with a last trade of $16.26.

In Thursday trading, Allbanc Split Corp. II shares are currently trading flat on the day.

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