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Cash Dividend On The Way From Horizons Natural Gas Yield ETF

On 4/26/13, Horizons Natural Gas Yield ETF (HNY.TO"> HNY.TO) will trade ex-dividend, for its monthly dividend of $0.0625, payable on 5/10/13. As a percentage of HNY's recent stock price of $9.39, this dividend works out to approximately 0.67%, so look for shares of Horizons Natural Gas Yield ETF to trade 0.67% lower — all else being equal — when HNY shares open for trading on 4/26/13.

Below is a dividend history chart for HNY, showing historical dividends prior to the most recent $0.0625 declared by Horizons Natural Gas Yield ETF:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from HNY is likely to continue, and whether the current estimated yield of 7.99% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HNY shares, versus its 200 day moving average:

Horizons Natural Gas Yield ETF 200 Day Moving Average Chart

Looking at the chart above, HNY's low point in its 52 week range is $8.31 per share, with $10.32 as the 52 week high point — that compares with a last trade of $9.39.

In Thursday trading, Horizons Natural Gas Yield ETF shares are currently trading flat on the day.