Timbercreek Financial Corp. (TSE:TF) Announces Monthly Dividend of $0.06

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 Price Performance

TSE:TF opened at C$5.16 on Wednesday. Timbercreek Financial has a 12 month low of C$5.03 and a 12 month high of C$7.36. The company has a current ratio of 1.84, a quick ratio of 145.00 and a debt-to-equity ratio of 232.22. The stock has a 50 day moving average of C$5.50 and a two-hundred day moving average of C$6.39. The firm has a market cap of C$427.01 million, a P/E ratio of 16.65 and a beta of 0.84.

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