Ex-Div Reminder for Timbercreek Senior Mortgage Investment (MTG)

On 9/26/14, Timbercreek Senior Mortgage Investment Corporation (TSX: MTG.TO) will trade ex-dividend, for its monthly dividend of $0.05, payable on 10/15/14. As a percentage of MTG's recent stock price of $9.03, this dividend works out to approximately 0.55%, so look for shares of Timbercreek Senior Mortgage Investment Corporation to trade 0.55% lower — all else being equal — when MTG shares open for trading on 9/26/14.

Below is a dividend history chart for MTG, showing historical dividends prior to the most recent $0.05 declared by Timbercreek Senior Mortgage Investment Corporation:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MTG is likely to continue, and whether the current estimated yield of 6.64% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MTG shares, versus its 200 day moving average:

Timbercreek Senior Mortgage Investment Corporation 200 Day Moving Average Chart

Looking at the chart above, MTG's low point in its 52 week range is $8.19 per share, with $9.45 as the 52 week high point — that compares with a last trade of $9.03.

In Wednesday trading, Timbercreek Senior Mortgage Investment Corporation shares are currently up about 0.1% on the day.

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