Ex-Div Reminder for Horizons Gold Yield ETF (HGY)

On 2/26/14, Horizons Gold Yield ETF (TSX: HGY.TO) will trade ex-dividend, for its monthly dividend of $0.028, payable on 3/10/14. As a percentage of HGY's recent stock price of $6.74, this dividend works out to approximately 0.42%.

Below is a dividend history chart for HGY, showing historical dividends prior to the most recent $0.028 declared by Horizons Gold Yield ETF:

HGY+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from HGY is likely to continue, and whether the current estimated yield of 4.99% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HGY shares, versus its 200 day moving average:

Horizons Gold Yield ETF 200 Day Moving Average Chart

Looking at the chart above, HGY's low point in its 52 week range is $6.17 per share, with $8.60 as the 52 week high point — that compares with a last trade of $6.74.

In Tuesday trading, Horizons Gold Yield ETF shares are currently trading flat on the day.

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