Timbercreek Financial Corp. (TF) To Go Ex-Dividend on May 29th

Timbercreek Financial Corp. (TSE:TF) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Monday, June 15th will be given a dividend of 0.0575 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date is Friday, May 29th.

Timbercreek Financial Stock Performance

Timbercreek Financial stock traded up C$0.03 during midday trading on Wednesday, hitting C$6.65. 17,809 shares of the company’s stock were exchanged, compared to its average volume of 226,473. The firm’s 50 day simple moving average is C$6.69 and its 200 day simple moving average is C$6.84. Timbercreek Financial has a 12-month low of C$6.31 and a 12-month high of C$7.98. The company has a debt-to-equity ratio of 214.06, a quick ratio of 145.00 and a current ratio of 0.20. The stock has a market cap of C$550.31 million, a price-to-earnings ratio of 17.97 and a beta of 0.85.

Timbercreek Financial (TSE:TF) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$0.17 EPS for the quarter. Timbercreek Financial had a net margin of 20.62% and a return on equity of 4.48%. The company had revenue of C$44.06 million during the quarter. Equities research analysts predict that Timbercreek Financial will post 0.7300725 EPS for the current year.

Timbercreek Financial Company Profile

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.