Timbercreek Financial Corp. (TF) To Go Ex-Dividend on April 30th

Timbercreek Financial Corp. (TSE:TF) announced a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Investors of record on Friday, May 15th will be paid a dividend of 0.0575 per share on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Thursday, April 30th.

Timbercreek Financial Price Performance

Timbercreek Financial stock opened at C$6.85 on Tuesday. The stock’s fifty day moving average price is C$6.82 and its two-hundred day moving average price is C$6.90. The firm has a market cap of C$566.86 million, a PE ratio of 16.31 and a beta of 0.77. The company has a debt-to-equity ratio of 197.35, a current ratio of 0.25 and a quick ratio of 145.00. Timbercreek Financial has a one year low of C$6.31 and a one year high of C$7.98.

Timbercreek Financial (TSE:TF) last released its earnings results on Wednesday, February 25th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$35.89 million for the quarter. Timbercreek Financial had a return on equity of 5.09% and a net margin of 23.39%. As a group, research analysts expect that Timbercreek Financial will post 0.7300725 EPS for the current fiscal 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.