Timbercreek Financial Corp. (TSE:TF – Get Free Report) declared a monthly dividend on Thursday, June 20th, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.058 per share on Monday, July 15th. This represents a $0.70 dividend on an annualized basis and a yield of 9.61%. The ex-dividend date of this dividend is Friday, June 28th.
Timbercreek Financial Stock Up 1.0 %
Shares of TF traded up C$0.07 during trading hours on Wednesday, hitting C$7.24. 80,688 shares of the company were exchanged, compared to its average volume of 117,594. The company has a market cap of C$600.99 million, a PE ratio of 9.74 and a beta of 1.24. The firm’s 50 day moving average is C$7.27 and its 200-day moving average is C$7.25. Timbercreek Financial has a 52 week low of C$5.74 and a 52 week high of C$7.85. The company has a debt-to-equity ratio of 134.84, a quick ratio of 145.00 and a current ratio of 110.86.
Timbercreek Financial (TSE:TF – Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported C$0.17 earnings per share for the quarter, missing the consensus estimate of C$0.19 by C($0.02). Timbercreek Financial had a return on equity of 8.97% and a net margin of 72.79%. The business had revenue of C$24.93 million for the quarter, compared to analyst estimates of C$26.23 million. On average, equities research analysts forecast that Timbercreek Financial will post 0.7258727 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on TF
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.
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