MTG Ex-Dividend Reminder - 2/26/14

On 2/26/14, Timbercreek Senior Mortgage Investment Corporation (TSX: MTG.TO) will trade ex-dividend, for its monthly dividend of $0.05, payable on 3/14/14. As a percentage of MTG's recent stock price of $8.70, this dividend works out to approximately 0.57%, so look for shares of Timbercreek Senior Mortgage Investment Corporation to trade 0.57% lower — all else being equal — when MTG shares open for trading on 2/26/14.

Below is a dividend history chart for MTG, showing historical dividends prior to the most recent $0.05 declared by Timbercreek Senior Mortgage Investment Corporation:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MTG is likely to continue, and whether the current estimated yield of 6.90% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MTG shares, versus its 200 day moving average:

Timbercreek Senior Mortgage Investment Corporation 200 Day Moving Average Chart

Looking at the chart above, MTG's low point in its 52 week range is $8.19 per share, with $9.90 as the 52 week high point — that compares with a last trade of $8.70.

In Monday trading, Timbercreek Senior Mortgage Investment Corporation shares are currently trading flat on the day.

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