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

Timbercreek Financial logo with Financial Services background
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Timbercreek Financial Corp. (TSE:TF - Get Free Report) declared a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Investors of record on Friday, May 15th will be given a dividend of 0.0575 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Thursday, April 30th.

Timbercreek Financial Stock Performance

TF opened at C$6.84 on Tuesday. The stock has a market capitalization of C$566.03 million, a price-to-earnings ratio of 16.29 and a beta of 0.77. The company has a fifty day moving average of C$6.82 and a 200 day moving average of C$6.90. Timbercreek Financial has a fifty-two week low of C$6.31 and a fifty-two week high of C$7.98. The company has a debt-to-equity ratio of 197.35, a quick ratio of 145.00 and a current ratio of 0.25.

Timbercreek Financial (TSE:TF - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$35.89 million for the quarter. Timbercreek Financial had a net margin of 23.39% and a return on equity of 5.09%. As a group, sell-side analysts forecast that Timbercreek Financial will post 0.7300725 earnings per share for the current fiscal year.

About Timbercreek Financial

(Get Free Report)

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company's strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.

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Dividend History for Timbercreek Financial (TSE:TF)

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