Timbercreek Financial Corp. (TSE:TF) to Issue Monthly Dividend of $0.06

Timbercreek Financial Corp. (TSE:TFGet Rating) declared a monthly dividend on Friday, April 22nd, Zacks reports. Stockholders of record on Friday, April 29th will be paid a dividend of 0.058 per share on Friday, May 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date of this dividend is Thursday, April 28th.

Shares of TF opened at C$9.42 on Friday. The firm has a 50-day moving average of C$9.54 and a 200-day moving average of C$9.58. Timbercreek Financial has a one year low of C$9.03 and a one year high of C$9.94. The company has a market cap of C$774.51 million and a PE ratio of 18.54. The company has a debt-to-equity ratio of 150.76, a current ratio of 35.23 and a quick ratio of 35.13.

Timbercreek Financial (TSE:TFGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported C$0.17 EPS for the quarter, meeting analysts’ consensus estimates of C$0.17. The firm had revenue of C$22.38 million during the quarter, compared to the consensus estimate of C$23.80 million. Analysts expect that Timbercreek Financial will post 0.72 earnings per share for the current year.

Separately, Fundamental Research decreased their price objective on shares of Timbercreek Financial from C$10.51 to C$10.40 and set a “buy” rating for the company in a research report on Tuesday, March 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$10.03.

About Timbercreek Financial (Get Rating)

Timbercreek Financial Corp., a mortgage investment company, provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing commercial real estate properties, such as multi-residential, office, and retail buildings located in urban markets.

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Dividend History for Timbercreek Financial (TSE:TF)

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