Reminder - Eclipse Residential Mortgage Investment (ERM) Goes Ex-Dividend Soon

On 10/29/13, Eclipse Residential Mortgage Investment (TSX: ERM.TO) will trade ex-dividend, for its monthly dividend of $0.05, payable on 11/14/13. As a percentage of ERM's recent stock price of $8.95, this dividend works out to approximately 0.56%, so look for shares of Eclipse Residential Mortgage Investment to trade 0.56% lower — all else being equal — when ERM shares open for trading on 10/29/13.

Below is a dividend history chart for ERM, showing historical dividends prior to the most recent $0.05 declared by Eclipse Residential Mortgage Investment:

ERM+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ERM is likely to continue, and whether the current estimated yield of 6.70% on annualized basis is a reasonable expectation of annual yield going forward.

In Friday trading, Eclipse Residential Mortgage Investment shares are currently trading flat on the day.

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