Lument Finance Trust, Inc. (LFT) to Issue Quarterly Dividend of $0.04 on July 15th

Lument Finance Trust, Inc. (NYSE:LFT) declared a quarterly dividend on Wednesday, June 10th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.04 per share by the technology company on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 15.3%. The ex-dividend date is Tuesday, June 30th.

Lument Finance Trust has decreased its dividend payment 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 48.5% meaning its dividend is sufficiently covered by earnings.

Lument Finance Trust Stock Down 1.4%

LFT stock opened at $1.04 on Friday. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 6.16. The business has a 50 day moving average price of $1.12 and a two-hundred day moving average price of $1.28. The company has a market cap of $54.80 million, a price-to-earnings ratio of -8.04 and a beta of 0.53. Lument Finance Trust has a twelve month low of $1.00 and a twelve month high of $2.44.

Lument Finance Trust (NYSE:LFT) last posted its quarterly earnings results on Friday, May 15th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). The company had revenue of ($5.69) million for the quarter, compared to analyst estimates of $4.58 million. Lument Finance Trust had a positive return on equity of 5.65% and a negative net margin of 2.59%.

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.