Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Free Report) announced a quarterly dividend on Monday, March 17th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.47 per share on Tuesday, April 15th. This represents a $1.88 dividend on an annualized basis and a yield of 12.28%.
Chicago Atlantic Real Estate Finance has a dividend payout ratio of 81.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Chicago Atlantic Real Estate Finance to earn $1.94 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 96.9%.
Chicago Atlantic Real Estate Finance Price Performance
REFI opened at $15.31 on Monday. The firm’s fifty day simple moving average is $15.63 and its two-hundred day simple moving average is $15.71. Chicago Atlantic Real Estate Finance has a 52-week low of $14.82 and a 52-week high of $16.47. The company has a market cap of $319.89 million, a price-to-earnings ratio of 7.66 and a beta of 0.22.
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About Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry.
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