ATP Crosses Above 13% Yield Territory

In trading on Tuesday, shares of Atlantic Power Corporation (TSX: ATP.TO) were yielding above the 13% mark based on its monthly dividend (annualized to $0.36), with the stock changing hands as low as $2.75 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return.

In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Atlantic Power Corporation, looking at the history chart for ATP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 13% annual yield.

START SLIDESHOW:
Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

ATP+Dividend+History+Chart

The chart below shows the one year performance of ATP shares, versus its 200 day moving average:

Atlantic Power Corporation 200 Day Moving Average Chart

Looking at the chart above, ATP's low point in its 52 week range is $2.14 per share, with $4.44 as the 52 week high point — that compares with a last trade of $2.90.

More from Stocks

Dow Logs Eighth Straight Drop as Stocks Slump

Dow Logs Eighth Straight Drop as Stocks Slump

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Starbucks Stock Performance in 2018: -12%

Starbucks Stock Performance in 2018: -12%

Burger King Issues Apology After Massive World Cup Promotional Fail

Burger King Issues Apology After Massive World Cup Promotional Fail

The Winners and Losers in Thursday's Market

The Winners and Losers in Thursday's Market