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

Lument Finance Trust, Inc. (NYSE:LFT) declared a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.08 per share by the technology company on Tuesday, October 15th. This represents a $0.32 annualized dividend and a dividend yield of 12.40%. The ex-dividend date is Monday, September 30th.

Lument Finance Trust has decreased its dividend by an average of 7.2% per year over the last three years and has raised its dividend every year for the last 2 years. Lument Finance Trust has a payout ratio of 84.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Lument Finance Trust to earn $0.38 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 84.2%.

Lument Finance Trust Trading Up 0.4 %

Lument Finance Trust stock traded up $0.01 during trading hours on Wednesday, reaching $2.58. The stock had a trading volume of 5,221 shares, compared to its average volume of 92,758. The stock has a market cap of $134.82 million, a PE ratio of 8.09 and a beta of 1.06. Lument Finance Trust has a 52 week low of $1.91 and a 52 week high of $2.75. The company has a debt-to-equity ratio of 5.64, a current ratio of 5.78 and a quick ratio of 5.78. The company has a fifty day simple moving average of $2.52 and a 200-day simple moving average of $2.45.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings results on Monday, August 12th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The firm had revenue of $30.64 million during the quarter, compared to the consensus estimate of $9.82 million. Lument Finance Trust had a return on equity of 14.10% and a net margin of 16.91%. During the same period last year, the business earned $0.04 EPS. Analysts forecast that Lument Finance Trust will post 0.42 EPS 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.