Looking at the universe of stocks we cover at Dividend Channel, on 9/28/15, Penn West Petroleum Ltd (PWE) will trade ex-dividend, for its quarterly dividend of $0.01, payable on 10/15/15. As a percentage of PWE's recent stock price of $0.4515, this dividend works out to approximately 2.21%, so look for shares of Penn West Petroleum Ltd to trade 2.21% lower — all else being equal — when PWE shares open for trading on 9/28/15.Below is a dividend history chart for PWE, showing historical dividends prior to the most recent $0.01 declared by Penn West Petroleum Ltd: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PWE is likely to continue, and whether the current estimated yield of 8.86% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PWE shares, versus its 200 day moving average: Looking at the chart above, PWE's low point in its 52 week range is $0.45 per share, with $7.35 as the 52 week high point — that compares with a last trade of $0.4529. In Thursday trading, Penn West Petroleum Ltd shares are currently down about 5% on the day.
More from Stocks
HP Names Enrique Lores to Succeed Dion Weisler as CEO; Shares Fall
The PC and printer maker also reported adjusted quarterly earnings that beat analyst estimates but revenues that fell just short.
Jim Cramer Breaks Down His Top Lesson From His Fantasy Draft
Here's what Jim Cramer learned during his draft Wednesday night.
Striking Options: Fed Rate Cuts and S&P Volatility
The Fed is in the hot seat, again. This time at Jackson Hole.
Cramer's Fantasy Football Draft Got a Little Crazy - Watch
It's o.k. if you have a little FOMO after watching the behind-the-scenes of Cramer's draft picks
Stocks End Mixed After Yield Curve Returns to Normal, Recession Fears Remain
Stocks finish mixed as bond yields invert - a possible recession warning - ahead of Fed Chairman Jerome Powell's scheduled address Friday at the annual Jackson Hole Economic Symposium.