Cash Dividend On The Way From TMX Group (X)

On 11/19/14, TMX Group (TSX: X.TO) will trade ex-dividend, for its quarterly dividend of $0.40, payable on 12/5/14. As a percentage of X's recent stock price of $53.47, this dividend works out to approximately 0.75%, so look for shares of TMX Group to trade 0.75% lower — all else being equal — when X shares open for trading on 11/19/14.

Below is a dividend history chart for X, showing historical dividends prior to the most recent $0.40 declared by TMX Group:

X+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 X is likely to continue, and whether the current estimated yield of 2.99% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of X shares, versus its 200 day moving average:

TMX Group 200 Day Moving Average Chart

Looking at the chart above, X's low point in its 52 week range is $48.06 per share, with $61.35 as the 52 week high point — that compares with a last trade of $53.66.

In Monday trading, TMX Group shares are currently up about 0.2% on the day.

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