Timbercreek Financial Corp. Declares Monthly Dividend of $0.06 (TSE:TF)

Timbercreek Financial Corp. (TSE:TF) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.0575 per share on Friday, March 14th. This represents a $0.69 annualized dividend and a yield of 10.00%. The ex-dividend date is Friday, February 28th.

Timbercreek Financial Stock Up 1.8 %

Shares of TSE:TF traded up C$0.12 on Wednesday, reaching C$6.90. The company had a trading volume of 228,505 shares, compared to its average volume of 204,611. The stock has a market capitalization of C$569.39 million, a P/E ratio of 9.69 and a beta of 1.23. The stock has a 50-day moving average price of C$6.96 and a 200 day moving average price of C$7.53. Timbercreek Financial has a twelve month low of C$6.54 and a twelve month high of C$8.29. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88.

Analysts Set New Price Targets

Separately, National Bankshares upped their target price on shares of Timbercreek Financial from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th.

Timbercreek Financial Company Profile

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.