Lument Finance Trust, Inc. (NYSE:LFT) Plans $0.08 Quarterly Dividend

Lument Finance Trust, Inc. (NYSE:LFT) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.08 per share by the technology company on Tuesday, April 15th. This represents a $0.32 dividend on an annualized basis and a yield of 11.96%. The ex-dividend date of this dividend is Monday, March 31st.

Lument Finance Trust has decreased its dividend payment by an average of 4.9% per year over the last three years. Lument Finance Trust has a payout ratio of 86.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Lument Finance Trust to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 80.0%.

Lument Finance Trust Stock Performance

Shares of Lument Finance Trust stock opened at $2.68 on Friday. The firm has a market capitalization of $139.93 million, a P/E ratio of 7.43 and a beta of 1.05. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 5.39. Lument Finance Trust has a 52 week low of $2.22 and a 52 week high of $2.84. The firm’s 50 day moving average is $2.70 and its two-hundred day moving average is $2.61.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings data on Wednesday, March 19th. The technology company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $9.55 million during the quarter, compared to the consensus estimate of $8.89 million. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. Research analysts forecast that Lument Finance Trust will post 0.42 EPS for the current fiscal year.

Lument Finance Trust Company Profile

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.