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

Timbercreek Financial Corp. (TSE:TF) declared a monthly dividend on Monday, November 29th, TickerTech reports. Shareholders of record on Wednesday, December 15th will be paid a dividend of 0.0575 per share on Wednesday, December 15th. This represents a $0.69 annualized dividend and a yield of 7.26%. The ex-dividend date of this dividend is Monday, November 29th.

Shares of TF stock opened at C$9.51 on Friday. The firm has a market cap of C$775.52 million and a P/E ratio of 20.76. The company has a debt-to-equity ratio of 138.03, a current ratio of 29.97 and a quick ratio of 29.80. Timbercreek Financial has a 1-year low of C$8.50 and a 1-year high of C$9.94. The firm has a fifty day moving average of C$9.67 and a two-hundred day moving average of C$9.58.

Several research analysts have weighed in on the stock. Fundamental Research set a C$10.51 price objective on shares of Timbercreek Financial and gave the stock a “buy” rating in a report on Monday, November 22nd. National Bank Financial lifted their price target on shares of Timbercreek Financial to C$10.00 and gave the company a “sector perform” rating in a report on Wednesday, October 27th. Finally, National Bankshares lifted their price target on shares of Timbercreek Financial from C$9.75 to C$10.00 in a report on Wednesday, October 27th.

About Timbercreek Financial

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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