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

Lument Finance Trust, Inc. (NYSE:LFT) declared a quarterly dividend on Wednesday, June 10th. Stockholders 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 dividend yield of 15.9%. The ex-dividend date of this dividend 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 annually for the last 2 consecutive years. Lument Finance Trust has a dividend payout ratio of 48.5% indicating that its dividend is sufficiently covered by earnings.

Lument Finance Trust Price Performance

Shares of Lument Finance Trust stock opened at $1.01 on Thursday. The stock’s 50-day simple moving average is $1.17 and its 200-day simple moving average is $1.32. Lument Finance Trust has a 52 week low of $1.00 and a 52 week high of $2.65. The company has a market capitalization of $52.70 million, a price-to-earnings ratio of -7.73 and a beta of 0.53. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 6.16.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings data on Friday, May 15th. The technology company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). Lument Finance Trust had a negative net margin of 2.59% and a positive return on equity of 5.65%. The business had revenue of ($5.69) million during the quarter, compared to analysts’ expectations of $4.59 million.

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.