DXM Ex-Dividend Reminder - 9/25/14

On 9/25/14, First Asset Morningstar Canada Dividend Target 30 Index ETF (TSX: DXM.TO) will trade ex-dividend, for its quarterly dividend of $0.0905, payable on 10/3/14. As a percentage of DXM's recent stock price of $11.88, this dividend works out to approximately 0.76%, so look for shares of First Asset Morningstar Canada Dividend Target 30 Index ETF to trade 0.76% lower — all else being equal — when DXM shares open for trading on 9/25/14.

Below is a dividend history chart for DXM, showing historical dividends prior to the most recent $0.0905 declared by First Asset Morningstar Canada Dividend Target 30 Index ETF:

DXM+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 DXM is likely to continue, and whether the current estimated yield of 3.05% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DXM shares:

First Asset Morningstar Canada Dividend Target 30 Index ETF 200 Day Moving Average Chart

Looking at the chart above, DXM's low point in its 52 week range is $10.19 per share, with $12.28 as the 52 week high point — that compares with a last trade of $11.88.

In Tuesday trading, First Asset Morningstar Canada Dividend Target 30 Index ETF shares are currently trading flat on the day.

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