Cash Dividend On The Way From Pollard Banknote (PBL)

On 9/26/14, Pollard Banknote Ltd. (TSX: PBL.TO) will trade ex-dividend, for its quarterly dividend of $0.03, payable on 10/15/14. As a percentage of PBL's recent stock price of $5.00, this dividend works out to approximately 0.60%, so look for shares of Pollard Banknote Ltd. to trade 0.60% lower — all else being equal — when PBL shares open for trading on 9/26/14.

Below is a dividend history chart for PBL, showing historical dividends prior to the most recent $0.03 declared by Pollard Banknote Ltd.:

PBL+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 PBL is likely to continue, and whether the current estimated yield of 2.40% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PBL shares, versus its 200 day moving average:

Pollard Banknote Ltd. 200 Day Moving Average Chart

Looking at the chart above, PBL's low point in its 52 week range is $2.78 per share, with $5.40 as the 52 week high point — that compares with a last trade of $5.00.

In Wednesday trading, Pollard Banknote Ltd. shares are currently trading flat on the day.

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