This past Friday, the TIMIA Capital Corporation (OTCMKTS:TIMCF) was in focus after the company announced that the members of its board had approved a cash dividend to the tune of $0.02 for each Series A preferred share that is held by an investors. It goes without saying that the announcement of a quarterly dividend is a significant one for the company and such a move generally leads to bullish sentiments about a stock.
Trading Data
On Friday, TIMCF stock ended flat at $$0.2925 with more than 100 shares, compared to its average volume of 91 shares. The stock has moved within a range of $0.2925 – 0.2925after opening trade at $0.2925.
TIMIA Capital Announces Quarterly Cash Dividend on Series A Preferred Shares
However, such a thing did not happen in case of the TIMIA Capital Corporation stock. The stock traded in a range on Friday and this morning, investors are possibly going to keep an eye on the movement in the company’s stock.
The dividend is going to be paid out by the company on December 31, 2021 to all Series A preferred shareholders as of the record date of December 15, 2021.
In addition to that, it should also be noted that the dividend also qualifies as ‘eligible dividend’ as per the laws in Canada. In light of this announcement, it is going to be interesting to see if there is any clamour for the TIMIA Capital Corporation stock up until December 15, 2021. It may be a good idea to keep an eye on it.
Technical Data
TIMCF stock is below the 20-Day and 50-Day Moving averages of $0.3229 and $0.3035 respectively. However, the stock is trading above the 200-Day moving average of $0.2051. The stock is up 2% in the past month.
