Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Free Report) declared a quarterly dividend on Friday, June 14th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.47 per share on Monday, July 15th. This represents a $1.88 annualized dividend and a yield of 11.86%. The ex-dividend date is Friday, June 28th.
Chicago Atlantic Real Estate Finance has a dividend payout ratio of 81.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Chicago Atlantic Real Estate Finance to earn $2.19 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 85.8%.
Chicago Atlantic Real Estate Finance Stock Up 0.3 %
Chicago Atlantic Real Estate Finance stock opened at $15.85 on Thursday. The business has a 50 day moving average price of $15.69 and a two-hundred day moving average price of $15.89. The stock has a market cap of $302.74 million, a price-to-earnings ratio of 7.94 and a beta of 0.21. Chicago Atlantic Real Estate Finance has a 12 month low of $13.86 and a 12 month high of $17.65.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on REFI
About Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry.
See Also
- Five stocks we like better than Chicago Atlantic Real Estate Finance
- What is the Euro STOXX 50 Index?
- Whirlpool Stock Surges 20% on Takeover Speculation by Bosch
- Best Stocks Under $5.00
- 7 Short Squeeze Stocks to Look Into for Your Portfolio
- What is an Earnings Surprise?
- Why Paychex Stock’s Dip is the Best Opportunity in Today’s Cycle
Receive News & Ratings for Chicago Atlantic Real Estate Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicago Atlantic Real Estate Finance and related companies with MarketBeat.com's FREE daily email newsletter.