EUCMF - Eurocommercial Properties: The Dividend Aristocrat's 22.8% Yield Miraculously Remains Covered For Now
Around five months ago, I covered Eurocommercial Properties (EUCMF), a small Dutch REIT, operating in the European real estate market. The stock initially caught my attention due to its unique record of 24 consecutive annual dividend increases, therefore, being one of the few European "Dividend Aristocrats*."
Source: Google Finance
As with the majority of global REITs, especially those in the retail/mall sub-sector, the company's shares took a massive hit, losing more than half of their value in the span of a few days. At the time of my previous article, shares were yielding