On 8/28/13, Timbercreek Mortgage Investment Corp (Toronto: TMC) will trade ex-dividend, for its monthly dividend of $0.063, payable on 9/13/13. As a percentage of TMC's recent stock price of $9.33, this dividend works out to approximately 0.68%, so look for shares of Timbercreek Mortgage Investment Corp to trade 0.68% lower — all else being equal — when TMC shares open for trading on 8/28/13.
Below is a dividend history chart for TMC, showing historical dividends prior to the most recent $0.063 declared by Timbercreek Mortgage Investment Corp:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TMC is likely to continue, and whether the current estimated yield of 8.10% on annualized basis is a reasonable expectation of annual yield going forward.
The chart below shows the one year performance of TMC shares, versus its 200 day moving average:
Looking at the chart above, TMC's low point in its 52 week range is $8.95 per share, with $10.65 as the 52 week high point — that compares with a last trade of $9.33.
In Monday trading, Timbercreek Mortgage Investment Corp shares are currently trading flat on the day.
