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NEW YORK - Lument Finance Trust, Inc. (NYSE: LFT), which currently offers a substantial 13% dividend yield according to InvestingPro data, announced today its quarterly cash dividend declarations for both common and preferred stockholders. The company has maintained consistent dividend payments for 13 consecutive years.
The company will pay a cash dividend of $0.06 per share of common stock for the second quarter of 2025, payable on July 15 to stockholders of record as of June 30.
Additionally, LFT declared a cash dividend of $0.4921875 per share for its 7.875% Cumulative Redeemable Series A Preferred Stock, also payable on July 15 to preferred stockholders of record as of July 1.
James P. Flynn, Chief Executive Officer, stated that the company adjusted the dividend to "reflect present realities, preserve book value and support long-term earnings potential."
LFT is a Maryland corporation that primarily invests in transitional floating rate commercial mortgage loans, with an emphasis on middle-market multi-family assets. The company is externally managed by Lument Investment Management, LLC.
The dividend announcements were made in a press release issued by the company.
In other recent news, Lument Finance Trust reported its Q1 2025 earnings, revealing a slight miss in its earnings per share (EPS), which came in at $0.08, compared to the $0.09 expected by analysts. However, the company saw a positive development in its revenue, which slightly exceeded expectations, reaching $9.32 million against the forecasted $9.23 million. Despite the mixed earnings results, the company maintains a cautiously optimistic outlook for 2025, focusing on exploring new secured financing options and potential returns to the CRE CLO market later in the year. During the earnings call, discussions highlighted Lument Finance Trust’s strategy to address underperforming loans and explore alternative financing solutions. The company has also been actively managing its loan portfolio, consisting mainly of multifamily properties, to mitigate risks associated with interest rate fluctuations and market volatility. Analysts from firms like Jones Trading and Citizens GMP inquired about the company’s origination pipeline and financing strategies, indicating continued interest in Lument Finance Trust’s performance and future plans.
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