Timbercreek Financial Corp (TF) Increases Dividend to $0.06 Per Share
Timbercreek Financial Corp (TSE:TF) announced a monthly dividend on Tuesday, December 19th, Zacks reports. Investors of record on Friday, December 29th will be paid a dividend of 0.058 per share on Monday, January 15th. This represents a $0.70 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date is Thursday, December 28th. This is an increase from Timbercreek Financial’s previous monthly dividend of $0.06.
Shares of Timbercreek Financial (TSE:TF) traded up C$0.04 on Wednesday, reaching C$9.61. 34,916 shares of the company were exchanged, compared to its average volume of 74,879. Timbercreek Financial has a one year low of C$8.60 and a one year high of C$9.75. The company has a market cap of $712.36 and a price-to-earnings ratio of 13.73.
Separately, National Bank Financial lifted their price objective on shares of Timbercreek Financial from C$10.00 to C$10.25 and gave the company an “outperform” rating in a report on Thursday, November 9th.
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