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

Key Points

• Lument Finance Trust, Inc. has declared a quarterly dividend of $0.04 per share, set to be paid on October 15th to shareholders of record as of September 30th, representing an annualized yield of 7.3%.
• The company currently has a payout ratio of 97.0%, indicating its dividend is covered by earnings but may be at risk if earnings decline in the future.
• Lument Finance Trust reported $0.05 earnings per share for the previous quarter, falling short of analyst expectations, with revenue of $6.96 million compared to forecasts of $8.66 million.

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) declared a quarterly dividend on Tuesday, September 16th, RTT News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.04 per share by the technology company on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 7.3%.

Lument Finance Trust has a payout ratio of 97.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. 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 Stock Performance

Shares of LFT opened at $2.20 on Tuesday. The company has a market capitalization of $114.89 million, a PE ratio of 11.53 and a beta of 0.77. Lument Finance Trust has a 52-week low of $2.05 and a 52-week high of $2.84. The company has a 50-day simple moving average of $2.22 and a 200-day simple moving average of $2.43. The company has a quick ratio of 6.41, a current ratio of 6.41 and a debt-to-equity ratio of 4.35.

Lument Finance Trust (NYSE:LFT - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $6.96 million for the quarter, compared to analyst estimates of $8.66 million. Lument Finance Trust had a return on equity of 12.51% and a net margin of 14.50%. Equities research analysts predict that Lument Finance Trust will post 0.42 earnings per share for the current fiscal year.

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.

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