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Lument Finance Trust ( (LFT) ) has shared an update.
Lument Finance Trust, Inc. announced the declaration of a cash dividend of $0.08 per share for common stock in the fourth quarter of 2024, along with a special cash dividend of $0.09 per share due to real estate investment trust tax considerations. Additionally, a cash dividend of $0.4921875 per share was declared for the 7.875% Cumulative Redeemable Series A Preferred Stock. These dividends are scheduled for payment in January 2025, impacting common and preferred stockholders, reflecting the company’s focus on returning value to its investors.
More about Lument Finance Trust
Lument Finance Trust, Inc. is a Maryland corporation that specializes in investing in, financing, and managing a portfolio of commercial real estate debt investments. The company mainly focuses on transitional floating rate commercial mortgage loans, with a particular emphasis on middle-market multi-family assets. LFT is externally managed by Lument Investment Management, LLC.
YTD Price Performance: 23.00%
Average Trading Volume: 84,051
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $137M
For an in-depth examination of LFT stock, go to TipRanks’ Stock Analysis page.
