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Ex-Div Reminder for Tree Island Steel (TSL.CA)

By Canada Stock Channel Staff, Tuesday, March 28, 12:03 PM ET

On 3/30/23, Tree Island Steel Ltd (TSE:TSL.CA) will trade ex-dividend, for its quarterly dividend of $0.03, payable on 4/14/23. As a percentage of TSL.CA's recent stock price of $3.11, this dividend works out to approximately 0.96%, so look for shares of Tree Island Steel Ltd to trade 0.96% lower — all else being equal — when TSL.CA shares open for trading on 3/30/23.

Below is a dividend history chart for TSL.CA, showing historical dividends prior to the most recent $0.03 declared by Tree Island Steel Ltd:

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TSL.CA is likely to continue, and whether the current estimated yield of 3.86% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TSL.CA shares, versus its 200 day moving average:

Tree Island Steel Ltd 200 Day Moving Average Chart

Looking at the chart above, TSL.CA's low point in its 52 week range is $3.03 per share, with $7.05 as the 52 week high point — that compares with a last trade of $3.11.


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In Tuesday trading, Tree Island Steel Ltd shares are currently off about 1.6% on the day.


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