Major Drilling Group International (MDI) Shares Cross 3% Yield Mark

In trading on Monday, shares of Major Drilling Group International Inc. (TSX: MDI.TO) were yielding above the 3% mark based on its semi-annual dividend (annualized to $0.20), with the stock changing hands as low as $6.61 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return.

In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Major Drilling Group International Inc., looking at the history chart for MDI below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.

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The chart below shows the one year performance of MDI shares, versus its 200 day moving average:

Major Drilling Group International Inc. 200 Day Moving Average Chart

Looking at the chart above, MDI's low point in its 52 week range is $6.61 per share, with $9.78 as the 52 week high point — that compares with a last trade of $6.67.

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