CDI Ex-Dividend Reminder - 6/3/15

On 6/3/15, CanElson Drilling Inc (TSX: CDI.TO) will trade ex-dividend, for its quarterly dividend of $0.03, payable on 6/12/15. As a percentage of CDI's recent stock price of $4.04, this dividend works out to approximately 0.74%, so look for shares of CanElson Drilling Inc to trade 0.74% lower — all else being equal — when CDI shares open for trading on 6/3/15.

Below is a dividend history chart for CDI, showing historical dividends prior to the most recent $0.03 declared by CanElson Drilling Inc:

CDI+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 CDI is likely to continue, and whether the current estimated yield of 2.97% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CDI shares, versus its 200 day moving average:

CanElson Drilling Inc 200 Day Moving Average Chart

Looking at the chart above, CDI's low point in its 52 week range is $3.06 per share, with $8.78 as the 52 week high point — that compares with a last trade of $4.04.

In Monday trading, CanElson Drilling Inc shares are currently off about 0.2% on the day.

More from Stocks

18 Top Stocks Hedge Funds Own That Goldman Sachs Thinks Will Keep Outperforming

18 Top Stocks Hedge Funds Own That Goldman Sachs Thinks Will Keep Outperforming

Video: Why the Stock Market Is Discounting China Trade Fears for Now

Video: Why the Stock Market Is Discounting China Trade Fears for Now

Walmart Snags Top Spot on Fortune 500 List for Sixth-Straight Year

Walmart Snags Top Spot on Fortune 500 List for Sixth-Straight Year

Do This Apple Options Trade Ahead of Alphabet's Rollout of YouTube Music

Do This Apple Options Trade Ahead of Alphabet's Rollout of YouTube Music

Did Warren Buffett Make a Bad Mistake by Not Buying General Electric?

Did Warren Buffett Make a Bad Mistake by Not Buying General Electric?