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Timbercreek Financial Corp. (TSE:TF) Announces $0.06 Monthly Dividend

Timbercreek Financial logo with Financial Services background

Timbercreek Financial Corp. (TSE:TF - Get Free Report) announced a monthly dividend on Monday, June 30th, TickerTech Dividends reports. Stockholders of record on Tuesday, July 15th will be paid a dividend of 0.0575 per share on Tuesday, July 15th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 9.08%. The ex-dividend date of this dividend is Monday, June 30th.

Timbercreek Financial Trading Down 0.7%

Shares of Timbercreek Financial stock traded down C$0.05 during trading on Tuesday, reaching C$7.60. The company's stock had a trading volume of 70,786 shares, compared to its average volume of 199,194. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88. The firm's 50-day moving average is C$7.28 and its two-hundred day moving average is C$6.95. The company has a market cap of C$627.16 million, a price-to-earnings ratio of 10.67 and a beta of 1.23. Timbercreek Financial has a 52-week low of C$5.91 and a 52-week high of C$8.29.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TF shares. TD Securities increased their price target on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the company a "hold" rating in a report on Wednesday, May 7th. Canaccord Genuity Group set a C$8.00 price objective on Timbercreek Financial and gave the company a "buy" rating in a research report on Wednesday, April 23rd.

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Timbercreek Financial Company Profile

(Get Free Report)

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.

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Dividend History for Timbercreek Financial (TSE:TF)

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