Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Free Report) announced a quarterly dividend on Monday, March 17th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.47 per share on Tuesday, April 15th. This represents a $1.88 dividend on an annualized basis and a yield of 12.11%.
Chicago Atlantic Real Estate Finance has a dividend payout ratio of 81.0% indicating that 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 $1.94 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 96.9%.
Chicago Atlantic Real Estate Finance Stock Performance
REFI stock opened at $15.53 on Tuesday. The stock has a market capitalization of $324.48 million, a price-to-earnings ratio of 7.77 and a beta of 0.22. Chicago Atlantic Real Estate Finance has a 1 year low of $14.82 and a 1 year high of $16.47. The stock’s fifty day moving average is $15.63 and its two-hundred day moving average is $15.71.
Wall Street Analysts Forecast Growth
View Our Latest Research Report 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.
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