Sprott Strategic Fixed Income Fund About To Put More Money In Your Pocket (SFI-UN)

On 9/25/14, Sprott Strategic Fixed Income Fund (TSX: SFI-UN.TO) will trade ex-dividend, for its monthly dividend of $0.04, payable on 10/10/14. As a percentage of SFI.UN's recent stock price of $7.41, this dividend works out to approximately 0.54%, so look for shares of Sprott Strategic Fixed Income Fund to trade 0.54% lower — all else being equal — when SFI.UN shares open for trading on 9/25/14.

Below is a dividend history chart for SFI.UN, showing historical dividends prior to the most recent $0.04 declared by Sprott Strategic Fixed Income Fund:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SFI.UN is likely to continue, and whether the current estimated yield of 6.48% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SFI.UN shares:

Sprott Strategic Fixed Income Fund 200 Day Moving Average Chart

Looking at the chart above, SFI.UN's low point in its 52 week range is $7.04 per share, with $7.73 as the 52 week high point — that compares with a last trade of $7.41.

In Tuesday trading, Sprott Strategic Fixed Income Fund shares are currently trading flat on the day.

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