Genworth MI Canada About To Put More Money In Your Pocket (MIC)

On 8/13/14, Genworth MI Canada Inc (TSX: MIC.TO) will trade ex-dividend, for its quarterly dividend of $0.35, payable on 8/29/14. As a percentage of MIC's recent stock price of $38.85, this dividend works out to approximately 0.90%, so look for shares of Genworth MI Canada Inc to trade 0.90% lower — all else being equal — when MIC shares open for trading on 8/13/14.

Below is a dividend history chart for MIC, showing historical dividends prior to the most recent $0.35 declared by Genworth MI Canada Inc:

MIC+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 MIC is likely to continue, and whether the current estimated yield of 3.60% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MIC shares, versus its 200 day moving average:

Genworth MI Canada Inc 200 Day Moving Average Chart

Looking at the chart above, MIC's low point in its 52 week range is $27.33 per share, with $40.64 as the 52 week high point — that compares with a last trade of $38.85.

In Monday trading, Genworth MI Canada Inc shares are currently up about 0.5% on the day.

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