Timbercreek Financial Corp (TSE:TF) declared a monthly dividend on Wednesday, October 30th, TickerTech reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.0575 per share on Friday, November 15th. This represents a $0.69 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date is Wednesday, October 30th.
Shares of TF traded up C$0.05 during trading hours on Tuesday, hitting C$9.72. 109,526 shares of the stock traded hands, compared to its average volume of 87,787. The company has a current ratio of 86.89, a quick ratio of 84.05 and a debt-to-equity ratio of 145.40. Timbercreek Financial has a 1-year low of C$8.50 and a 1-year high of C$9.92. The firm has a market capitalization of $802.48 million and a PE ratio of 14.19. The business has a fifty day moving average of C$9.58 and a 200-day moving average of C$9.49.
Timbercreek Financial (TSE:TF) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.20 by C($0.04). The firm had revenue of C$24.98 million during the quarter, compared to analyst estimates of C$26.20 million. As a group, equities research analysts expect that Timbercreek Financial will post 0.75 earnings per share for the current fiscal year.
About Timbercreek Financial
Timbercreek Financial Corporation, a mortgage investment company, provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing commercial real estate properties, such as multi-residential, office, and retail buildings located in urban markets.
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