Timbercreek Financial Corp. (TSE:TF) Shareholders Set to Receive $0.06 Monthly Dividend

Timbercreek Financial Corp. (TSE:TF) announced a monthly dividend on Friday, October 30th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0575 per share on Friday, November 13th. This represents a $0.69 annualized dividend and a yield of 13.4%. The ex-dividend date is Friday, October 30th.

Timbercreek Financial Trading Up 1.6%

Shares of TSE:TF opened at C$5.16 on Wednesday. The company’s 50-day moving average price is C$5.50 and its two-hundred day moving average price is C$6.39. Timbercreek Financial has a one year low of C$5.03 and a one year high of C$7.36. The company has a debt-to-equity ratio of 232.22, a current ratio of 1.84 and a quick ratio of 145.00. The stock has a market capitalization of C$427.01 million, a PE ratio of 16.65 and a beta of 0.84.

Timbercreek Financial (TSE:TF) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.18 earnings per share for the quarter. The company had revenue of C$45.12 million during the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. On average, equities analysts forecast that Timbercreek Financial will post 0.73 EPS for the current fiscal year.

About Timbercreek Financial

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.