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

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

European Commercial REIT Price Performance

European Commercial REIT (TSE:ERE) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$0.11 EPS for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.05. The firm had revenue of C$36.04 million during the quarter.

Wall Street Analysts Forecast Growth

ERE has been the topic of several recent analyst reports. Desjardins raised European Commercial REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, August 11th. Raymond James upgraded shares of European Commercial REIT from a “hold” rating to a “moderate buy” rating in a research note on Monday, July 15th. Finally, Ventum Cap Mkts upgraded shares of European Commercial REIT to a “strong-buy” rating in a research note on Monday, July 15th.