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

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 dividend on an annualized basis and a yield of 9.93%. The ex-dividend date of this dividend is Friday, February 28th.

Timbercreek Financial Stock Up 2.5 %

Shares of TF traded up C$0.17 during mid-day trading on Wednesday, hitting C$6.95. 218,875 shares of the company’s stock were exchanged, compared to its average volume of 204,280. The company has a 50-day simple moving average of C$6.96 and a 200 day simple moving average of C$7.53. The company has a debt-to-equity ratio of 122.88, a current ratio of 1.53 and a quick ratio of 145.00. The company has a market cap of C$573.52 million, a PE ratio of 9.76 and a beta of 1.23. Timbercreek Financial has a 52 week low of C$6.54 and a 52 week high of C$8.29.

Wall Street Analyst Weigh In

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

About Timbercreek Financial

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.