HEE Ex-Dividend Reminder - 2/26/14

On 2/26/14, Horizons Enhanced Income Energy ETF (TSX: HEE.TO) will trade ex-dividend, for its monthly dividend of $0.0355, payable on 3/10/14. As a percentage of HEE's recent stock price of $6.11, this dividend works out to approximately 0.58%, so look for shares of Horizons Enhanced Income Energy ETF to trade 0.58% lower — all else being equal — when HEE shares open for trading on 2/26/14.

Below is a dividend history chart for HEE, showing historical dividends prior to the most recent $0.0355 declared by Horizons Enhanced Income Energy ETF:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from HEE is likely to continue, and whether the current estimated yield of 6.97% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HEE shares, versus its 200 day moving average:

Horizons Enhanced Income Energy ETF 200 Day Moving Average Chart

Looking at the chart above, HEE's low point in its 52 week range is $5.66 per share, with $6.42 as the 52 week high point — that compares with a last trade of $6.11.

In Tuesday trading, Horizons Enhanced Income Energy ETF shares are currently trading flat on the day.

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