Timbercreek Financial Corp Plans Monthly Dividend of $0.06 (TSE:TF)

Share on StockTwits

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.

Several brokerages have issued reports on TF. Raymond James restated a “market perform” rating and issued a C$10.00 price target on shares of Timbercreek Financial in a report on Friday, August 9th. Fundamental Research restated a “buy” rating and issued a C$10.17 price target on shares of Timbercreek Financial in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Timbercreek Financial has an average rating of “Buy” and a consensus price target of C$9.79.

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.

Featured Story: What is Green Investing?

Dividend History for Timbercreek Financial (TSE:TF)

Receive News & Ratings for Timbercreek Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timbercreek Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

WellCare Health Plans, Inc.  Receives $312.00 Consensus Price Target from Brokerages
WellCare Health Plans, Inc. Receives $312.00 Consensus Price Target from Brokerages
Inter Parfums, Inc.  Receives $78.00 Consensus Price Target from Analysts
Inter Parfums, Inc. Receives $78.00 Consensus Price Target from Analysts
Zillow Group  Stock Rating Upgraded by BidaskClub
Zillow Group Stock Rating Upgraded by BidaskClub
Darden Restaurants  Rating Reiterated by DZ Bank
Darden Restaurants Rating Reiterated by DZ Bank
Apple  Downgraded to Sell at Maxim Group
Apple Downgraded to Sell at Maxim Group
Acceleron Pharma  Upgraded to “Buy” at BidaskClub
Acceleron Pharma Upgraded to “Buy” at BidaskClub


© 2006-2019 Ticker Report