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.

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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:

Penn West Petroleum Ltd 200 Day Moving Average Chart

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.