Timbercreek Financial Corp. (TSE:TF) Shareholders to Receive $0.06 Monthly Dividend

Key Points

• Timbercreek Financial declared a monthly dividend of C$0.0575 per share, equivalent to C$0.69 annually and a 13.4% yield. The ex-dividend date and payment date are both listed as October 30 and November 13, respectively.
• The stock opened at C$5.16, up 1.6%, with a market capitalization of approximately C$427 million. Shares remain near the lower end of their 52-week range of C$5.03 to C$7.36.
• The company reported quarterly revenue of C$45.12 million and earnings of C$0.18 per share. Director Robert Blair Tamblyn also purchased 9,400 shares, increasing his position by 7.95%.

Timbercreek Financial Corp. (TSE:TF - Get Free Report) announced a monthly dividend on Friday, October 30th. Investors of record on Friday, November 13th will be paid a dividend of $0.0575 per share on Friday, November 13th. This represents a $0.69 annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend is Friday, October 30th.

Timbercreek Financial Stock Up 1.6%

TSE:TF opened at C$5.16 on Wednesday. Timbercreek Financial has a 1 year low of C$5.03 and a 1 year high of C$7.36. The company has a current ratio of 1.84, a quick ratio of 145.00 and a debt-to-equity ratio of 232.22. The stock has a market cap of C$427.01 million, a price-to-earnings ratio of 16.65 and a beta of 0.84. The stock has a 50-day moving average price of C$5.50 and a two-hundred day moving average price of C$6.39.

Timbercreek Financial (TSE:TF - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.18 EPS for the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. The company had revenue of C$45.12 million for the quarter. As a group, equities analysts expect that Timbercreek Financial will post 0.73 earnings per share for the current year.

Insider Transactions at Timbercreek Financial

In other news, Director Robert Blair Tamblyn purchased 9,400 shares of Timbercreek Financial stock in a transaction on Friday, September 25th. The stock was purchased at an average price of C$5.31 per share, with a total value of C$49,914.00. Following the transaction, the director directly owned 127,656 shares in the company, valued at C$677,853.36. The trade was a 7.95% increase in their position. Corporate insiders own 0.85% of the company's stock.

About Timbercreek Financial

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.

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