FDG ex-dividend on 12/27 (4%)
Fording Canadian Coal Trust, a fund investing in Industrial Metals and Minerals, will pay a regular quarterly dividend of $0.83 on January 15 to holders as of Wednesday, December 27. That’s 3.6% of the share price of $23.170, or a 14% annual yield. The exact amount of the dividend may varies slightly based on the exchange rate USD/CAD on ex-dividend day. The cash distribution will be taxed as foreign-source earning dividend, but will be subject to a canadian withholding tax of 15pct for most U.S. holders, or 25pct for most non-US, non-Canadian holders. The fund is in the process of converting into a Canadian royalty trust.

December 20th, 2006 at 7:05 pm
The stock is in a protected downtrend. Post div it may continue its downward path. Some will say this is an early entry buypoint.
December 20th, 2006 at 7:12 pm
Yep, but it is worth betting on a rebound right before exdiv.
December 20th, 2006 at 7:13 pm
Plus the conversion may have some tax benefits not reflected in the share price yet.