Ex-Dividend Reminder for Gold Resource
09/08/2014 7:00 am EST
The staff at DividendChannel.com takes a historical look at a gold miner stock about to trade ex-dividend to determine if its current estimated yield on an annualized basis is a reasonable expectation going forward.
Gold Resource Corp. (GORO) will trade ex-dividend, for its monthly dividend of $0.01, payable on September 23, 2014. As a percentage of GORO's recent stock price of $5.64, this dividend works out to approximately 0.18%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from GORO is likely to continue, and whether the current estimated yield of 2.13% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of GORO shares, versus its 200-day moving average:
Looking at the chart above, GORO's low point in its 52-week range is $3.52 per share, with $8.62 as the 52-week high point—that compares with a last trade of $5.64.
By the Staff of DividendChannel.com