Thanks retiredcf this is helpful. I was also wondering if the dividend will be paid monthly or quarterly. Now I know it's monthly, that is much better in terms of marketing appeal to the dividend seekers.
It's funny I got into WCP and STO (through the buyout by BNE) without ever thinking that they will become dividend payers. I guess that's the current trend, even small companies like RPL are starting to pay dividends. A lot of them could be stretching themselves on cash flow because of it, RPL for one, in my opinion anyway. That's why I shy away from that stock even with its rather generous dividend.