Timbercreek Financial Corp. (TSE:TF – Get Free Report) announced a monthly dividend on Thursday, June 20th, Zacks reports. Investors of record on Friday, June 28th will be given 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 9.63%. The ex-dividend date of this dividend is Friday, June 28th.
Timbercreek Financial Price Performance
Timbercreek Financial stock traded up C$0.06 during mid-day trading on Wednesday, reaching C$7.23. 80,588 shares of the company’s stock traded hands, compared to its average volume of 117,587. The company has a market cap of C$600.16 million, a price-to-earnings ratio of 9.74 and a beta of 1.24. The stock has a 50 day moving average of C$7.27 and a two-hundred day moving average of C$7.25. The company has a quick ratio of 145.00, a current ratio of 110.86 and a debt-to-equity ratio of 134.84. Timbercreek Financial has a 12-month low of C$5.74 and a 12-month high of C$7.85.
Timbercreek Financial (TSE:TF – Get Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.02). The business had revenue of C$24.93 million for the quarter, compared to analysts’ expectations of C$26.23 million. Timbercreek Financial had a net margin of 72.79% and a return on equity of 8.97%. Equities analysts forecast that Timbercreek Financial will post 0.7258727 earnings per share for the current year.
Analyst Upgrades and Downgrades
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Timbercreek Financial Company Profile
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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