Lument Finance Trust, Inc. (NYSE:LFT) Announces $0.04 Quarterly Dividend

Lument Finance Trust, Inc. (NYSE:LFT) declared a quarterly dividend on Thursday, March 19th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.04 per share by the technology company on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date is Tuesday, March 31st.

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

Lument Finance Trust Stock Performance

Lument Finance Trust stock opened at $1.29 on Friday. Lument Finance Trust has a 12-month low of $1.26 and a 12-month high of $2.84. The stock has a 50-day simple moving average of $1.37 and a 200 day simple moving average of $1.60. The stock has a market capitalization of $67.56 million, a price-to-earnings ratio of 12.90 and a beta of 0.69. The company has a quick ratio of 6.92, a current ratio of 6.92 and a debt-to-equity ratio of 4.15.

About Lument Finance Trust

Lument Finance Trust is a real estate investment trust that focuses on originating and acquiring senior secured loans backed by commercial real estate properties. Listed on the New York Stock Exchange under the ticker LFT, the company seeks to generate attractive risk‐adjusted returns by targeting floating‐rate, first‐mortgage loans across a broad range of property types, including multifamily, office, retail, industrial and hospitality.

The firm’s core business activity centers on deploying capital into short‐ and medium‐term financing solutions for institutional real estate owners and developers.