Reminder - Horizons Enhanced Income Equity ETF (HEX) Goes Ex-Dividend Soon

On 2/26/14, Horizons Enhanced Income Equity ETF (TSX: HEX.TO) will trade ex-dividend, for its monthly dividend of $0.0370, payable on 3/10/14. As a percentage of HEX's recent stock price of $7.39, this dividend works out to approximately 0.50%.

Below is a dividend history chart for HEX, showing historical dividends prior to the most recent $0.0370 declared by Horizons Enhanced Income Equity ETF:

HEX+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 HEX is likely to continue, and whether the current estimated yield of 6.01% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HEX shares, versus its 200 day moving average:

Horizons Enhanced Income Equity ETF 200 Day Moving Average Chart

Looking at the chart above, HEX's low point in its 52 week range is $6.68 per share, with $7.41 as the 52 week high point — that compares with a last trade of $7.39.

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

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