Timbercreek Financial Corp. (TSE:TF) to Issue $0.06 Monthly Dividend

Timbercreek Financial Corp. (TSE:TF) announced 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 9.96%. The ex-dividend date is Friday, February 28th.

Timbercreek Financial Stock Performance

Shares of Timbercreek Financial stock traded up C$0.15 on Wednesday, reaching C$6.93. 224,975 shares of the stock were exchanged, compared to its average volume of 204,468. The firm has a market capitalization of C$571.87 million, a PE ratio of 9.73 and a beta of 1.23. The business has a fifty day moving average price of C$6.96 and a two-hundred day moving average price of C$7.53. Timbercreek Financial has a 1-year low of C$6.54 and a 1-year high of C$8.29. The company has a current ratio of 1.53, a quick ratio of 145.00 and a debt-to-equity ratio of 122.88.

Wall Street Analysts Forecast Growth

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

Timbercreek Financial Company Profile

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.