Timbercreek Financial Corp (TF) Announces $0.06 Monthly Dividend

Timbercreek Financial Corp (TSE:TF) announced a monthly dividend on Wednesday, January 24th, Zacks reports. Investors of record on Wednesday, January 31st will be paid a dividend of 0.058 per share on Thursday, February 15th. This represents a $0.70 annualized dividend and a yield of 7.22%. The ex-dividend date of this dividend is Tuesday, January 30th.

Shares of Timbercreek Financial (TSE TF) opened at C$9.64 on Monday. Timbercreek Financial has a twelve month low of C$8.81 and a twelve month high of C$9.75. The company has a market capitalization of $716.03 and a P/E ratio of 13.77.

Timbercreek Financial (TSE:TF) last posted its quarterly earnings results on Wednesday, November 8th. The company reported C$0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.18.

A number of research firms have issued reports on TF. Raymond James Financial cut Timbercreek Financial from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. National Bank Financial increased their price target on Timbercreek Financial from C$10.00 to C$10.25 and gave the stock an “outperform” rating in a report on Thursday, November 9th.

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Dividend History for Timbercreek Financial (TSE:TF)

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