Timbercreek Financial Corp. (TSE:TF) Plans $0.06 Monthly Dividend

Timbercreek Financial Corp. (TSE:TF) announced a monthly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.058 per share on Friday, November 15th. This represents a $0.70 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date is Thursday, October 31st.

Timbercreek Financial Stock Performance

TSE:TF opened at C$8.05 on Friday. The business’s 50-day moving average is C$8.00 and its two-hundred day moving average is C$7.60. The firm has a market capitalization of C$668.23 million, a PE ratio of 11.03 and a beta of 1.23. Timbercreek Financial has a 12 month low of C$5.74 and a 12 month high of C$8.29. The company has a debt-to-equity ratio of 132.31, a current ratio of 7.36 and a quick ratio of 145.00.

Timbercreek Financial (TSE:TF) last announced its earnings results on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The business had revenue of C$26.68 million for the quarter, compared to the consensus estimate of C$27.90 million. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. Research analysts predict that Timbercreek Financial will post 0.7300725 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TF has been the topic of a number of recent research reports. TD Securities boosted their target price on shares of Timbercreek Financial from C$7.50 to C$8.00 in a research report on Friday, August 2nd. National Bankshares lifted their price target on shares of Timbercreek Financial from C$7.50 to C$8.00 in a research note on Thursday, August 1st.

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.