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FDG ex-dividend on 9/27 (3%)

Fording Canadian Coal Trust, a fund investing in Industrial Metals and Minerals, will pay a regular quarterly dividend of $0.71 on October 13 to holders as of Wednesday, September 27. That’s 2.8% of the share price of $25.530, or a 11% 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.

FDG quote

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