Cash Dividend On The Way From TransGlobe Energy (TGA)

Looking at the universe of stocks we cover at Dividend Channel, on 3/12/15, TransGlobe Energy Corp. (TGA) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 3/31/15. As a percentage of TGA's recent stock price of $2.96, this dividend works out to approximately 1.69%, so look for shares of TransGlobe Energy Corp. to trade 1.69% lower — all else being equal — when TGA shares open for trading on 3/12/15.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for TGA, showing historical dividends prior to the most recent $0.05 declared by TransGlobe Energy Corp.:

TGA+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 TGA is likely to continue, and whether the current estimated yield of 6.75% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of TGA shares, versus its 200 day moving average:

TransGlobe Energy Corp. 200 Day Moving Average Chart

Looking at the chart above, TGA's low point in its 52 week range is $2.67 per share, with $8.28 as the 52 week high point — that compares with a last trade of $2.95.

In Tuesday trading, TransGlobe Energy Corp. shares are currently off about 0.2% on the day.

More from Stocks

Don't Move Into Homebuilder PulteGroup Right Now

Don't Move Into Homebuilder PulteGroup Right Now

Everything You Need to Know About Closed-End Funds to Boost Your Portfolio

Everything You Need to Know About Closed-End Funds to Boost Your Portfolio

Little Volatility as Headline Stories Go Into Holding Pattern

Little Volatility as Headline Stories Go Into Holding Pattern

Dow Sinks on Trade Worries, Washington Turmoil

Dow Sinks on Trade Worries, Washington Turmoil

Sears CEO Eddie Lampert's Latest Idea to Save Dying Retailer Hints End Nearing

Sears CEO Eddie Lampert's Latest Idea to Save Dying Retailer Hints End Nearing