Cash Dividend On The Way From Akita Drilling (AKT-A)

On 6/16/15, Akita Drilling Ltd. (TSX: AKT-A.TO) will trade ex-dividend, for its quarterly dividend of $0.085, payable on 7/2/15. As a percentage of AKT.A's recent stock price of $9.50, this dividend works out to approximately 0.89%, so look for shares of Akita Drilling Ltd. to trade 0.89% lower — all else being equal — when AKT.A shares open for trading on 6/16/15.

Below is a dividend history chart for AKT.A, showing historical dividends prior to the most recent $0.085 declared by Akita Drilling Ltd.:

AKT.A+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 AKT.A is likely to continue, and whether the current estimated yield of 3.58% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of AKT.A shares:

Akita Drilling Ltd. 200 Day Moving Average Chart

Looking at the chart above, AKT.A's low point in its 52 week range is $9.35 per share, with $17.25 as the 52 week high point — that compares with a last trade of $9.50.

In Friday trading, Akita Drilling Ltd. shares are currently trading flat on the day.

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