Timbercreek Financial Corp. (TF) to Issue Monthly Dividend of $0.06 on March 14th

Timbercreek Financial Corp. (TSE:TF) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.0575 per share on Friday, March 14th. This represents a $0.69 annualized dividend and a dividend yield of 10.00%. The ex-dividend date is Friday, February 28th.

Timbercreek Financial Price Performance

Shares of TF traded up C$0.12 during trading hours on Wednesday, reaching C$6.90. The company had a trading volume of 228,505 shares, compared to its average volume of 204,611. The firm has a 50 day simple moving average of C$6.96 and a 200-day simple moving average of C$7.53. The company has a market capitalization of C$569.39 million, a price-to-earnings ratio of 9.69 and a beta of 1.23. Timbercreek Financial has a 12-month low of C$6.54 and a 12-month high of C$8.29. The company has a current ratio of 1.53, a quick ratio of 145.00 and a debt-to-equity ratio of 122.88.

Wall Street Analyst Weigh In

Separately, National Bankshares increased their price target on Timbercreek Financial from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a report on Wednesday, October 30th.

About Timbercreek Financial

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.