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

Lument Finance Trust, Inc. (NYSE:LFT) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.08 per share by the technology company on Tuesday, April 15th. This represents a $0.32 annualized dividend and a dividend yield of 11.41%. The ex-dividend date 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 dividend payout ratio of 62.7% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE LFT opened at $2.81 on Friday. The firm has a market cap of $146.68 million, a PE ratio of 7.79 and a beta of 1.05. The firm has a fifty day moving average of $2.67 and a 200 day moving average of $2.60. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29. Lument Finance Trust has a one year low of $2.22 and a one year high of $2.85.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings results on Wednesday, March 19th. The technology company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $9.55 million during the quarter, compared to analyst estimates of $8.89 million. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. As a group, research analysts predict 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.