Timbercreek Financial Corp (TF) Plans Monthly Dividend of $0.06
Timbercreek Financial Corp (TSE:TF) declared a monthly dividend on Wednesday, March 28th, TickerTech reports. Shareholders of record on Friday, April 13th will be paid a dividend of 0.0575 per share on Friday, April 13th. This represents a $0.69 dividend on an annualized basis and a yield of 7.70%. The ex-dividend date is Wednesday, March 28th.
Shares of Timbercreek Financial (TSE:TF) traded down C$0.10 during trading on Friday, reaching C$8.96. 64,404 shares of the company’s stock were exchanged, compared to its average volume of 98,352. The stock has a market cap of $727.16 and a P/E ratio of 12.87. Timbercreek Financial has a 52 week low of C$8.81 and a 52 week high of C$9.75.
TF has been the subject of a number of analyst reports. Raymond James Financial downgraded shares of Timbercreek Financial from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. National Bank Financial restated an “outperform market weight” rating on shares of Timbercreek Financial in a research report on Wednesday, February 7th.
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