Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Free Report) announced a quarterly dividend on Friday, June 14th, Zacks reports. Investors 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 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. Equities 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 Price Performance
NASDAQ:REFI opened at $15.85 on Thursday. The firm has a market capitalization of $302.74 million, a P/E ratio of 7.94 and a beta of 0.21. Chicago Atlantic Real Estate Finance has a one year low of $13.86 and a one year high of $17.65. The company’s 50-day simple moving average is $15.69 and its 200 day simple moving average is $15.89.
Analyst Ratings Changes
Read Our Latest Analysis on Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance Company Profile
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.
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