First Asset Morningstar Canada Value Index ETF About To Put More Money In Your Pocket (FXM)

On 9/25/14, First Asset Morningstar Canada Value Index ETF (TSX: FXM.TO) will trade ex-dividend, for its quarterly dividend of $0.0671, payable on 10/3/14. As a percentage of FXM's recent stock price of $15.04, this dividend works out to approximately 0.45%.

Below is a dividend history chart for FXM, showing historical dividends prior to the most recent $0.0671 declared by First Asset Morningstar Canada Value Index ETF:

FXM+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 FXM is likely to continue, and whether the current estimated yield of 1.78% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FXM shares:

First Asset Morningstar Canada Value Index ETF 200 Day Moving Average Chart

Looking at the chart above, FXM's low point in its 52 week range is $13.19 per share, with $15.69 as the 52 week high point — that compares with a last trade of $15.04.

In Tuesday trading, First Asset Morningstar Canada Value Index ETF shares are currently down about 0.2% on the day.

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