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

Lument Finance Trust, Inc. (NYSE:LFT) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Investors 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 annualized dividend 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% annually 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 tumble. 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 Trading Down 2.7 %

LFT opened at $2.68 on Friday. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The company’s 50 day simple moving average is $2.70 and its two-hundred day simple moving average is $2.61. The firm has a market capitalization of $139.93 million, a price-to-earnings ratio of 7.43 and a beta of 1.05. Lument Finance Trust has a 1-year low of $2.22 and a 1-year high of $2.84.

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, hitting the consensus estimate of $0.10. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The firm had revenue of $9.55 million during the quarter, compared to analysts’ expectations of $8.89 million. Analysts expect 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.