Chicago Atlantic Real Estate Finance, Inc. ( NASDAQ:REFI – Get Free Report ) announced a quarterly dividend on Wednesday, September 16th. Investors of record on Wednesday, September 30th will be given a dividend of 0.47 per share on Thursday, October 15th. This represents a c) annualized dividend and a yield of 17.1%. The ex-dividend date of this dividend is Wednesday, September 30th.
Chicago Atlantic Real Estate Finance has a dividend payout ratio of 90.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Chicago Atlantic Real Estate Finance to earn $1.80 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 104.4%.
Get Chicago Atlantic Real Estate Finance alerts: Chicago Atlantic Real Estate Finance Trading Up 0.7% REFI traded up $0.08 on Wednesday, reaching $11.01. The stock had a trading volume of 232,200 shares, compared to its average volume of 159,766. The business’s 50-day moving average price is $10.49 and its two-hundred day moving average price is $11.21. The company has a market cap of $282.08 mill...