SGL Ex-Dividend Reminder - 9/24/14

On 9/24/14, Spyglass Resources Corp (TSX: SGL.TO) will trade ex-dividend, for its monthly dividend of $0.015, payable on 10/15/14. As a percentage of SGL's recent stock price of $1.44, this dividend works out to approximately 1.04%, so look for shares of Spyglass Resources Corp to trade 1.04% lower — all else being equal — when SGL shares open for trading on 9/24/14.

Below is a dividend history chart for SGL, showing historical dividends prior to the most recent $0.015 declared by Spyglass Resources Corp:

SGL+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 SGL is likely to continue, and whether the current estimated yield of 12.50% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SGL shares, versus its 200 day moving average:

Spyglass Resources Corp 200 Day Moving Average Chart

Looking at the chart above, SGL's low point in its 52 week range is $1.37 per share, with $2.15 as the 52 week high point — that compares with a last trade of $1.44.

In Monday trading, Spyglass Resources Corp shares are currently down about 0.7% on the day.

More from Stocks

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In

Why Millennials Are Ditching Stocks for ETFs

Why Millennials Are Ditching Stocks for ETFs

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says