Lument Finance Trust, Inc. (LFT) to Distribute Quarterly Dividend of $0.04 on January 15th

Lument Finance Trust, Inc. (NYSE:LFT) declared a quarterly dividend on Thursday, December 11th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.04 per share by the technology company on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date of this dividend is Wednesday, December 31st.

Lument Finance Trust has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Lument Finance Trust has a payout ratio of 48.5% 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 $0.16 annual dividend with an expected future payout ratio of 40.0%.

Lument Finance Trust Stock Down 6.8%

Shares of NYSE LFT opened at $1.52 on Friday. The firm’s fifty day moving average is $1.61 and its 200 day moving average is $2.03. Lument Finance Trust has a 52 week low of $1.41 and a 52 week high of $2.84. The company has a quick ratio of 6.92, a current ratio of 6.92 and a debt-to-equity ratio of 4.15. The company has a market cap of $79.55 million, a price-to-earnings ratio of 15.19 and a beta of 0.72.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The firm had revenue of $4.89 million during the quarter, compared to the consensus estimate of $8.32 million. Lument Finance Trust had a return on equity of 10.20% and a net margin of 11.19%. On average, equities research analysts expect 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.