TransGlobe Energy Ex-Dividend Reminder

Looking at the universe of stocks we cover at Dividend Channel, on 9/11/14, TransGlobe Energy Corp. ( TGA) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 9/30/14. As a percentage of TGA's recent stock price of $6.26, this dividend works out to approximately 0.80%, so look for shares of TransGlobe Energy Corp. to trade 0.80% lower — all else being equal — when TGA shares open for trading on 9/11/14.

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Below is a dividend history chart for TGA, showing historical dividends prior to the most recent $0.05 declared by TransGlobe Energy Corp.:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TGA is likely to continue, and whether the current estimated yield of 3.19% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TGA shares, versus its 200 day moving average:

TransGlobe Energy Corp. 200 Day Moving Average Chart

Looking at the chart above, TGA's low point in its 52 week range is $6.00 per share, with $9.66 as the 52 week high point — that compares with a last trade of $6.26.

In Tuesday trading, TransGlobe Energy Corp. shares are currently down about 0.8% on the day.

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