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.

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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.

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