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

European Commercial REIT (TSE:ERE) announced a monthly dividend on Tuesday, October 15th, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.015 per share on Friday, November 15th. This represents a $0.18 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Thursday, October 31st.

European Commercial REIT Price Performance

European Commercial REIT (TSE:ERE) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$0.11 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.05. The firm had revenue of C$36.04 million for the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. 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 report 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.