TDG Ex-Dividend Reminder - 6/26/15

On 6/26/15, Trinidad Drilling Ltd (TSX: TDG.TO) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 7/15/15. As a percentage of TDG's recent stock price of $4.37, this dividend works out to approximately 1.14%, so look for shares of Trinidad Drilling Ltd to trade 1.14% lower — all else being equal — when TDG shares open for trading on 6/26/15.

Below is a dividend history chart for TDG, showing historical dividends prior to the most recent $0.05 declared by Trinidad Drilling Ltd:

TDG+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 TDG is likely to continue, and whether the current estimated yield of 4.58% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TDG shares, versus its 200 day moving average:

Trinidad Drilling Ltd 200 Day Moving Average Chart

Looking at the chart above, TDG's low point in its 52 week range is $3.82 per share, with $12.56 as the 52 week high point — that compares with a last trade of $4.36.

In Wednesday trading, Trinidad Drilling Ltd shares are currently down about 0.2% on the day.

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