Cash Dividend On The Way From First Asset Morningstar Canada Momentum Index ETF (WXM)

On 9/25/14, First Asset Morningstar Canada Momentum Index ETF (TSX: WXM.TO) will trade ex-dividend, for its quarterly dividend of $0.0366, payable on 10/3/14. As a percentage of WXM's recent stock price of $14.65, this dividend works out to approximately 0.25%.

Below is a dividend history chart for WXM, showing historical dividends prior to the most recent $0.0366 declared by First Asset Morningstar Canada Momentum Index ETF:

WXM+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 WXM is likely to continue, and whether the current estimated yield of 1.00% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of WXM shares:

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

Looking at the chart above, WXM's low point in its 52 week range is $12.32 per share, with $15.33 as the 52 week high point — that compares with a last trade of $14.65.

In Tuesday trading, First Asset Morningstar Canada Momentum Index ETF shares are currently off about 0.6% on the day.

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