European Commercial REIT (TSE:ERE) Announces Monthly Dividend of $0.02

European Commercial REIT (TSE:EREGet Free Report) declared a monthly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.015 per share on Tuesday, October 15th. This represents a $0.18 annualized dividend and a yield of ∞. The ex-dividend date is Monday, September 30th.

European Commercial REIT Stock Performance

European Commercial REIT (TSE:EREGet Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.05. The company had revenue of C$36.04 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ERE shares. Ventum Cap Mkts raised shares of European Commercial REIT to a “strong-buy” rating in a research note on Monday, July 15th. Desjardins raised European Commercial REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, August 11th. Finally, Raymond James raised European Commercial REIT from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th.

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Dividend History for European Commercial REIT (TSE:ERE)

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