Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Free Report) announced a quarterly dividend on Monday, March 17th, RTT News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.47 per share on Tuesday, April 15th. This represents a $1.88 annualized dividend and a yield of 12.11%.
Chicago Atlantic Real Estate Finance has a payout ratio of 81.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Chicago Atlantic Real Estate Finance to earn $1.94 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 96.9%.
Chicago Atlantic Real Estate Finance Trading Up 1.4 %
REFI stock opened at $15.53 on Tuesday. Chicago Atlantic Real Estate Finance has a twelve month low of $14.82 and a twelve month high of $16.47. The company has a market capitalization of $324.48 million, a P/E ratio of 7.77 and a beta of 0.22. The firm has a 50 day simple moving average of $15.63 and a 200-day simple moving average of $15.71.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Chicago Atlantic Real Estate Finance
About Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry.
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