Ellington Residential Mortgage REIT ( EARN ) will begin trading ex-dividend on June 28, 2017. A cash dividend payment of $0.4 per share is scheduled to be paid on July 25, 2017. Shareholders who purchased EARN prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that EARN has paid the same dividend. At the current stock price of $15.52, the dividend yield is 10.31%.
The previous trading day's last sale of EARN was $15.52, representing a -1.4% decrease from the 52 week high of $15.74 and a 27.11% increase over the 52 week low of $12.21.
EARN is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) ( AMT ) and Simon Property Group, Inc. ( SPG ). EARN's current earnings per share, an indicator of a company's profitability, is $1.55. Zacks Investment Research reports EARN's forecasted earnings growth in 2017 as -6.6%, compared to an industry average of -3.8%.
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