Lument Finance Trust, Inc. (LFT) to Issue Quarterly Dividend of $0.08 on July 15th

Lument Finance Trust, Inc. (NYSE:LFTGet Free Report) declared a quarterly dividend on Thursday, June 13th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.08 per share by the technology company on Monday, July 15th. This represents a $0.32 dividend on an annualized basis and a yield of 12.50%. The ex-dividend date is Thursday, June 27th. This is a boost from Lument Finance Trust’s previous quarterly dividend of $0.07.

Lument Finance Trust has decreased its dividend by an average of 7.2% annually over the last three years. Lument Finance Trust has a dividend payout ratio of 62.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lument Finance Trust to earn $0.43 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 65.1%.

Lument Finance Trust Stock Performance

Lument Finance Trust stock opened at $2.56 on Tuesday. The company has a market cap of $133.79 million, a PE ratio of 8.00 and a beta of 1.08. The company’s 50-day moving average is $2.43 and its two-hundred day moving average is $2.38. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 6.05. Lument Finance Trust has a 1 year low of $1.81 and a 1 year high of $2.60.

Lument Finance Trust (NYSE:LFTGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $33.71 million for the quarter, compared to the consensus estimate of $10.56 million. Lument Finance Trust had a net margin of 16.43% and a return on equity of 12.59%. Equities analysts anticipate that Lument Finance Trust will post 0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Jonestrading reissued a “buy” rating and set a $2.50 target price on shares of Lument Finance Trust in a research note on Monday, May 13th.

Check Out Our Latest Stock Analysis on LFT

About Lument Finance Trust

(Get Free Report)

Lument Finance Trust, Inc, a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.

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Dividend History for Lument Finance Trust (NYSE:LFT)

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