Cash Dividend On The Way From Ardmore Shipping (ASC)

Looking at the universe of stocks we cover at Dividend Channel, on 8/12/16, Ardmore Shipping Corp (ASC) will trade ex-dividend, for its quarterly dividend of $0.11, payable on 8/31/16. As a percentage of ASC's recent stock price of $7.97, this dividend works out to approximately 1.38%, so look for shares of Ardmore Shipping Corp to trade 1.38% lower — all else being equal — when ASC shares open for trading on 8/12/16.

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Below is a dividend history chart for ASC, showing historical dividends prior to the most recent $0.11 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 5.52% 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 $6.46 per share, with $15.03 as the 52 week high point — that compares with a last trade of $7.96.

In Wednesday trading, Ardmore Shipping Corp shares are currently up about 0.5% on the day.

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