Lument Finance Trust increases quarterly cash dividend 17% to 7c per share

Lument Finance Trust declared a cash dividend of 7c per share of common stock with respect to Q3 2023, which represents a 17% increase over the Q2 2023 dividend of 6c per share. The dividend is payable on October 16 to common stockholders of record as of the close of business on September 29. The company also declared a cash dividend of $0.4921875 per share of 7.875% Cumulative Redeemable Series A Preferred Stock. The dividend is payable on October 16 to preferred stockholders of record as of the close of business October 2.