Lument Finance Trust declares $0.08 dividend for Q3 2024
- Lument Finance Trust, Inc. declared a cash dividend of $0.08 per share for common stock, payable on October 15, 2024.
- A separate dividend of $0.4921875 per share for the 7.875% Cumulative Redeemable Series A Preferred Stock was also announced, with the same payment date.
- These dividends demonstrate the company's commitment to providing returns to its shareholders while managing a focused investment strategy.
On September 16, 2024, Lument Finance Trust, Inc. announced a cash dividend of $0.08 per share for its common stock, which is set to be paid on October 15, 2024. This dividend will benefit stockholders who are on record as of September 30, 2024. Additionally, the company declared a dividend of $0.4921875 per share for its 7.875% Cumulative Redeemable Series A Preferred Stock, also payable on October 15, 2024, to preferred stockholders recorded by October 1, 2024. Lument Finance Trust is a Maryland corporation that specializes in investing in and managing a portfolio of commercial real estate debt investments. The company primarily focuses on transitional floating rate commercial mortgage loans, particularly in the middle-market multi-family asset sector. This strategic focus allows LFT to navigate the complexities of the real estate market effectively. The dividends declared reflect the company's ongoing commitment to returning value to its shareholders while maintaining a robust investment strategy. The timing of the dividend payments aligns with the company's financial calendar, ensuring that stockholders receive their returns in a timely manner. Investors and interested parties can find more information about Lument Finance Trust through the SEC's website or the company's official site. The company is externally managed by Lument Investment Management, LLC, which plays a crucial role in guiding its investment decisions and overall strategy.