Cash Dividend On The Way From Eclipse Residential Mortgage Investment (ERM)

On 2/26/14, Eclipse Residential Mortgage Investment (TSX: ERM.TO) will trade ex-dividend, for its monthly dividend of $0.05, payable on 3/14/14. As a percentage of ERM's recent stock price of $7.90, this dividend works out to approximately 0.63%, so look for shares of Eclipse Residential Mortgage Investment to trade 0.63% lower — all else being equal — when ERM shares open for trading on 2/26/14.

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 7.59% on annualized basis is a reasonable expectation of annual yield going forward.

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

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