Ex-Div Reminder for Eclipse Residential Mortgage Investment (ERM)

On 9/26/14, Eclipse Residential Mortgage Investment (TSX: ERM.TO) will trade ex-dividend, for its monthly dividend of $0.05, payable on 10/15/14. As a percentage of ERM's recent stock price of $8.97, 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 9/26/14.

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 6.69% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ERM shares:

Eclipse Residential Mortgage Investment 200 Day Moving Average Chart

Looking at the chart above, ERM's low point in its 52 week range is $7.52 per share, with $9.30 as the 52 week high point — that compares with a last trade of $8.97.

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

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