Fording Canadian Coal Trust, a fund investing in Industrial Metals and Minerals, will pay a regular quarterly dividend of $0.55 on April 16 to holders as of Wednesday, March 28. That’s 2.4% of the share price of $22.620, or a 10% 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. Expect volatility with the stock as weather conditions and transportation cost may impact future results.

FDG quote

This entry was posted on Tuesday, March 13th, 2007 at 11:37 pm and is filed under Div Alert. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.