Ardmore Shipping About To Put More Money In Your Pocket (ASC)

Looking at the universe of stocks we cover at Dividend Channel, on 2/11/16, Ardmore Shipping Corp (ASC) will trade ex-dividend, for its quarterly dividend of $0.13, payable on 2/29/16. As a percentage of ASC's recent stock price of $7.53, this dividend works out to approximately 1.73%, so look for shares of Ardmore Shipping Corp to trade 1.73% lower — all else being equal — when ASC shares open for trading on 2/11/16.

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Below is a dividend history chart for ASC, showing historical dividends prior to the most recent $0.13 declared by Ardmore Shipping Corp:

ASC+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 ASC is likely to continue, and whether the current estimated yield of 6.91% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ASC shares, versus its 200 day moving average:

Ardmore Shipping Corp 200 Day Moving Average Chart

Looking at the chart above, ASC's low point in its 52 week range is $7.46 per share, with $15.07 as the 52 week high point — that compares with a last trade of $7.51.

In Tuesday trading, Ardmore Shipping Corp shares are currently off about 3.6% on the day.

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