Reminder - Transglobe Energy (TGL) Goes Ex-Dividend Soon

On 6/11/15, Transglobe Energy Corporation (TSX: TGL.TO) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 6/30/15. As a percentage of TGL's recent stock price of $5.27, this dividend works out to approximately 0.95%, so look for shares of Transglobe Energy Corporation to trade 0.95% lower — all else being equal — when TGL shares open for trading on 6/11/15.

Below is a dividend history chart for TGL, showing historical dividends prior to the most recent $0.05 declared by Transglobe Energy Corporation:

TGL+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 TGL is likely to continue, and whether the current estimated yield of 3.80% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TGL shares, versus its 200 day moving average:

Transglobe Energy Corporation 200 Day Moving Average Chart

Looking at the chart above, TGL's low point in its 52 week range is $3.23 per share, with $8.20 as the 52 week high point — that compares with a last trade of $5.27.

In Tuesday trading, Transglobe Energy Corporation shares are currently up about 2.7% on the day.

If you liked this article you might like

Medicure Breaks Above 200-Day Moving Average - Bullish For MPH

Medicure Breaks Above 200-Day Moving Average - Bullish For MPH

CWL Crosses Above Key Moving Average Level

CWL Crosses Above Key Moving Average Level

Financial 15 Split Corporation II (FFN) Shares Cross Above 200 DMA

Financial 15 Split Corporation II (FFN) Shares Cross Above 200 DMA

Top 20 Dividend (TTY-UN) Shares Cross 7% Yield Mark

Top 20 Dividend (TTY-UN) Shares Cross 7% Yield Mark

US Housing Recovery Fund Class A (USH-UN) Shares Cross 6% Yield Mark

US Housing Recovery Fund Class A (USH-UN) Shares Cross 6% Yield Mark