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:


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.

If you liked this article you might like

Medicure Breaks Above 200-Day Moving Average - Bullish For MPH

CWL Crosses Above Key Moving Average Level

Financial 15 Split Corporation II (FFN) Shares Cross Above 200 DMA

Top 20 Dividend (TTY-UN) Shares Cross 7% Yield Mark

US Housing Recovery Fund Class A (USH-UN) Shares Cross 6% Yield Mark