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

Lument Finance Trust, Inc. (NYSE:LFT) announced a quarterly dividend on Monday, September 16th, Zacks reports. Stockholders 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 payment by an average of 7.2% per year over the last three years and has increased 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 Price Performance

Shares of Lument Finance Trust stock traded up $0.01 on Wednesday, hitting $2.58. 5,221 shares of the company traded hands, compared to its average volume of 92,758. The firm’s 50-day simple moving average is $2.52 and its 200 day simple moving average is $2.45. The company has a current ratio of 5.78, a quick ratio of 5.78 and a debt-to-equity ratio of 5.64. The company has a market cap of $134.82 million, a P/E ratio of 8.09 and a beta of 1.06. Lument Finance Trust has a 12-month low of $1.91 and a 12-month high of $2.75.

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