Lument Finance Trust, Inc. (NYSE:LFT) Announces Quarterly Dividend of $0.08

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.08 per share by the technology company on Tuesday, April 15th. This represents a $0.32 annualized dividend and a yield of 11.37%. The ex-dividend date is Monday, March 31st.

Lument Finance Trust has decreased its dividend payment by an average of 4.9% per year over the last three years. Lument Finance Trust has a dividend payout ratio of 62.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lument Finance Trust to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 80.0%.

Lument Finance Trust Price Performance

Shares of NYSE:LFT traded down $0.02 on Monday, reaching $2.82. 169,846 shares of the company traded hands, compared to its average volume of 103,144. The stock has a market capitalization of $147.20 million, a PE ratio of 7.82 and a beta of 1.05. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The company's 50 day moving average is $2.69 and its 200-day moving average is $2.60. Lument Finance Trust has a fifty-two week low of $2.22 and a fifty-two week high of $2.83.

Lument Finance Trust (NYSE:LFT - Get Free Report) last announced its earnings results on Wednesday, March 19th. The technology company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $9.55 million during the quarter, compared to the consensus estimate of $8.89 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. As a group, analysts anticipate that Lument Finance Trust will post 0.42 earnings per share for the current fiscal year.

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About Lument Finance Trust

Lument Finance Trust, Inc, a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.