Timbercreek Mortgage Investment Announces Aug 14 Dividend of C$0.06 (TMC)
Timbercreek Mortgage Investment (TSE:TMC) announced a aug 14 dividend on Wednesday, August 20th, AnalystRatingsNetwork.com reports. Investors of record on Friday, August 29th will be paid a dividend of 0.06 per share on Monday, September 15th.
On a related note, analysts at Raymond James initiated coverage on shares of Timbercreek Mortgage Investment in a research note on Thursday, July 10th. They set an “outperform” rating and a C$10.00 price target on the stock.
Shares of Timbercreek Mortgage Investment (TSE:TMC) traded down 0.32% on Wednesday, hitting $9.23. The stock had a trading volume of 21,278 shares. Timbercreek Mortgage Investment has a 1-year low of $8.64 and a 1-year high of $9.86. The stock has a 50-day moving average of $9.32 and a 200-day moving average of $9.37. The company has a P/E ratio of 12.06.
Timbercreek Mortgage Investment (TSE:TMC) last released its earnings data on Thursday, August 14th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.01.
Timbercreek Mortgage Investment Corporation (TSE:TMC) provides investors with the opportunity to invest indirectly in a diversified portfolio of high quality conventional mortgage loans secured primarily by income-producing real estate located in large urban markets (offices, commercial real estate, multi-residential, retirement communities).
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