Lument Finance Trust, Inc. (NYSE:LFT) Plans Dividend Increase – $0.49 Per Share

Lument Finance Trust, Inc. (NYSE:LFT) announced a quarterly dividend on Friday, September 18th. Investors of record on Thursday, October 1st will be given a dividend of $0.4922 per share by the technology company on Thursday, October 15th. This represents a $1.97 annualized dividend and a yield of 34.8%. The ex-dividend date is Thursday, October 1st. This is a 23.0% increase from Lument Finance Trust’s previous quarterly dividend of $0.40.

Lument Finance Trust has decreased its dividend 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 dividend payout ratio of 484.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Lument Finance Trust Stock Performance

Shares of LFT stock opened at $5.66 on Tuesday. The firm has a market capitalization of $29.71 million, a PE ratio of -1.57 and a beta of 0.57. The firm has a fifty day simple moving average of $6.81 and a two-hundred day simple moving average of $9.77. The company has a current ratio of 5.98, a quick ratio of 5.98 and a debt-to-equity ratio of 6.11. Lument Finance Trust has a 12 month low of $5.15 and a 12 month high of $21.10.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings data on Thursday, August 13th. The technology company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.75). The business had revenue of ($13.37) million during the quarter, compared to the consensus estimate of $4.59 million. Lument Finance Trust had a negative net margin of 18.00% and a positive return on equity of 0.86%.

About Lument Finance Trust

Lument Finance Trust, Inc (NYSE:LFT) is a real estate investment trust focused primarily on commercial real estate debt investments. The company generally targets loans and other credit investments secured by income-producing properties, with an emphasis on the multifamily housing sector.

Its investment activities may include transitional multifamily mortgage loans, commercial mortgage-backed securities and other real estate-related debt instruments. Through its relationship with the Lument platform, the company seeks to identify, underwrite and manage investments in commercial properties across the United States.

Lument Finance Trust was formerly known as Hunt Companies Finance Trust, Inc and adopted its current name in 2020.