AKT-B Ex-Dividend Reminder - 9/15/14

On 9/15/14, Akita Drilling Limited Class B (TSX: AKT-B.TO) will trade ex-dividend, for its quarterly dividend of $0.085, payable on 10/1/14. As a percentage of AKT.B's recent stock price of $16.03, this dividend works out to approximately 0.53%, so look for shares of Akita Drilling Limited Class B to trade 0.53% lower — all else being equal — when AKT.B shares open for trading on 9/15/14.

Below is a dividend history chart for AKT.B, showing historical dividends prior to the most recent $0.085 declared by Akita Drilling Limited Class B:

AKT.B+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 AKT.B is likely to continue, and whether the current estimated yield of 2.12% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of AKT.B shares:

Akita Drilling Limited Class B 200 Day Moving Average Chart

Looking at the chart above, AKT.B's low point in its 52 week range is $13.51 per share, with $18.30 as the 52 week high point — that compares with a last trade of $16.03.

In Thursday trading, Akita Drilling Limited Class B shares are currently trading flat on the day.

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