Lument Finance Trust Declares Quarterly Dividends for 2024
Lument Finance Trust Announces Cash Dividends for 2024
Lument Finance Trust, Inc. (LFT) has recently made headlines with its announcement regarding cash dividends for its common and preferred stock. The company declared a cash dividend of $0.08 per share for common stock, which reflects its commitment to delivering value to its shareholders. This dividend is tied to the third quarter of the financial year.
Details of the Dividend Declaration
The common stock dividend will be payable on October 15, 2024, and will benefit stockholders who are on the registry as of September 30, 2024. Such dividends not only help in maintaining investor confidence but also showcase the company’s strong financial position.
Preferred Stock Dividend Information
In addition to the common stock dividend, Lument Finance Trust also announced a cash dividend of $0.4921875 for its 7.875% Cumulative Redeemable Series A Preferred Stock. This payment will likewise occur on October 15, 2024, to preferred stockholders of record as of the close of business on October 1, 2024.
Understanding Lument Finance Trust's Operations
LFT is more than just a dividend-paying entity; it is a Maryland-based corporation focusing on investments in commercial real estate debt. The firm primarily engages in transitional floating-rate commercial mortgage loans, particularly emphasizing middle-market multi-family assets. This strategy demonstrates the company’s proactive approach in the evolving real estate market.
Management and Advisement
Externally managed and advised by Lument Investment Management, LLC, the company leverages expert insights to navigate its investment opportunities effectively. Their management team brings valuable experience, which is essential in a competitive landscape.
Connecting with Lument Finance Trust
Investors seeking additional insights about Lument Finance Trust can find extensive resources available. Potential stakeholders and interested individuals can discover detailed information about the company through regulatory channels. Active efforts to keep investors informed reinforce the trust LFT aims to build with its shareholders.
Contacting Investor Relations
For inquiries or more information, stakeholders are encouraged to reach out. Contact can be made through Lument Finance Trust’s official communication channels, ensuring queries are addressed responsibly and promptly.
Frequently Asked Questions
What is the cash dividend declared by Lument Finance Trust for its common stock?
The cash dividend declared for the common stock is $0.08 per share.
When will the dividends be payable?
The dividends will be payable on October 15, 2024, for both common and preferred stockholders.
How does Lument Finance Trust manage its investments?
Lument Finance Trust focuses on transitional floating-rate commercial mortgage loans and is externally managed by Lument Investment Management, LLC.
What type of assets does LFT primarily invest in?
The company primarily invests in middle-market multi-family assets as part of its real estate investment strategy.
Where can I find more information about Lument Finance Trust?
Additional information can be found on the SEC’s website or Lument Finance Trust’s official website.
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