Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Plans Quarterly Dividend of $0.47

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.47 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 17.1%. The ex-dividend date is Wednesday, September 30th.

Chicago Atlantic Real Estate Finance has a dividend payout ratio of 90.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Chicago Atlantic Real Estate Finance to earn $1.80 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 104.4%.

Chicago Atlantic Real Estate Finance Trading Up 0.7%

NASDAQ:REFI traded up $0.08 during trading hours on Wednesday, hitting $11.01. The company’s stock had a trading volume of 232,200 shares, compared to its average volume of 159,766. The stock has a market capitalization of $282.08 million, a P/E ratio of 8.04 and a beta of 0.26. The stock has a fifty day moving average of $10.49 and a 200-day moving average of $11.21. Chicago Atlantic Real Estate Finance has a 52-week low of $9.69 and a 52-week high of $13.72.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.05). Chicago Atlantic Real Estate Finance had a return on equity of 11.53% and a net margin of 54.57%.The company had revenue of $12.61 million for the quarter, compared to analyst estimates of $14.17 million. On average, sell-side analysts forecast that Chicago Atlantic Real Estate Finance will post 1.72 earnings per share for the current year.

Chicago Atlantic Real Estate Finance Company Profile

Chicago Atlantic Real Estate Finance, Inc is a specialty finance company organized as a real estate investment trust. The company originates, underwrites and manages commercial real estate debt investments, with a primary focus on providing financing to businesses operating in the state-legal cannabis industry.

Its investment activities are centered on senior secured loans, including mortgage loans backed by commercial real estate and other assets. These financings are designed to support cannabis cultivation, processing, retail and related properties, as well as other commercial real estate borrowers.