Lument Finance Trust, Inc. (NYSE:LFT) Plans $0.08 Quarterly Dividend

Lument Finance Trust, Inc. (NYSE:LFT) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Shareholders 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 11.55%.

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 62.7% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 0.7 %

Lument Finance Trust stock traded up $0.02 on Wednesday, hitting $2.77. 112,919 shares of the stock traded hands, compared to its average volume of 102,747. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39. The firm has a market cap of $144.85 million, a P/E ratio of 7.69 and a beta of 1.05. The business’s fifty day simple moving average is $2.66 and its 200 day simple moving average is $2.59. Lument Finance Trust has a 1 year low of $2.16 and a 1 year high of $2.80.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings data on Wednesday, March 19th. The technology company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. As a group, sell-side analysts forecast that Lument Finance Trust will post 0.42 earnings per share for the current 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.