Cash Dividend On The Way From Toscana Energy Income (TEI)

On 9/26/14, Toscana Energy Income Corp (TSX: TEI.TO) will trade ex-dividend, for its monthly dividend of $0.135, payable on 10/15/14. As a percentage of TEI's recent stock price of $13.65, this dividend works out to approximately 0.99%, so look for shares of Toscana Energy Income Corp to trade 0.99% lower — all else being equal — when TEI shares open for trading on 9/26/14.

Below is a dividend history chart for TEI, showing historical dividends prior to the most recent $0.135 declared by Toscana Energy Income Corp:

TEI+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 TEI is likely to continue, and whether the current estimated yield of 11.87% on annualized basis is a reasonable expectation of annual yield going forward.

In Wednesday trading, Toscana Energy Income Corp shares are currently up about 0.5% on the day.

If you liked this article you might like

Medicure Breaks Above 200-Day Moving Average - Bullish For MPH

CWL Crosses Above Key Moving Average Level

Financial 15 Split Corporation II (FFN) Shares Cross Above 200 DMA

Top 20 Dividend (TTY-UN) Shares Cross 7% Yield Mark

US Housing Recovery Fund Class A (USH-UN) Shares Cross 6% Yield Mark