Reminder - Newgrowth Corporation (NEW-A) Goes Ex-Dividend Soon

On 9/17/14, Newgrowth Corporation Class A (TSX: NEW-A.TO) will trade ex-dividend, for its quarterly dividend of $0.2375, payable on 9/26/14. As a percentage of NEW.A's recent stock price of $38.33, this dividend works out to approximately 0.62%, so look for shares of Newgrowth Corporation Class A to trade 0.62% lower — all else being equal — when NEW.A shares open for trading on 9/17/14.

Below is a dividend history chart for NEW.A, showing historical dividends prior to the most recent $0.2375 declared by Newgrowth Corporation Class A:

NEW.A+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 NEW.A is likely to continue, and whether the current estimated yield of 2.48% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NEW.A shares:

Newgrowth Corporation Class A 200 Day Moving Average Chart

Looking at the chart above, NEW.A's low point in its 52 week range is $33.56 per share, with $40.50 as the 52 week high point — that compares with a last trade of $38.33.

In Monday trading, Newgrowth Corporation Class A shares are currently trading flat on the day.

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