Trinidad Drilling (TDG) Shares Cross 5% Yield Mark

In trading on Monday, shares of Trinidad Drilling Ltd (TSX: TDG.TO) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.20), with the stock changing hands as low as $3.95 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return.

In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Trinidad Drilling Ltd, looking at the history chart for TDG below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.

START SLIDESHOW:
Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

TDG+Dividend+History+Chart

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 $12.44 as the 52 week high point — that compares with a last trade of $3.99.

More from Stocks

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Tech Stocks Have You Baffled? Educate Yourself in Some Portfolio Diversification

Tech Stocks Have You Baffled? Educate Yourself in Some Portfolio Diversification

Alphabet Shares Rise on Earnings, Revenue Beat But Some Concerns Remain

Alphabet Shares Rise on Earnings, Revenue Beat But Some Concerns Remain

Semiconductor Stocks Get Smashed Again as Earnings Weakness Continues
Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%