Timbercreek Financial Announces Monthly Dividend for Investors
Monthly Dividend Announcement from Timbercreek Financial
Timbercreek Financial (TSX: TF) has made an exciting announcement regarding its monthly cash dividend. The company has declared a dividend of $0.0575 per common share to be distributed to shareholders. This payment will take place on September 15, ensuring that those holding shares as of August 29 will benefit from this yield.
Details of the Dividend Reinvestment Plan
Along with the cash dividend, Timbercreek offers a Dividend Reinvestment Plan (the "Plan") for its shareholders. This Plan allows participants to reinvest their cash dividends into additional common shares, potentially at a discounted rate and without incurring expenses like commissions or service fees. This option not only enhances investment but also encourages continued support and commitment from shareholders.
How the Plan Works
Under the Plan's guidelines, purchases of common shares can occur either in the open market or through treasury shares at 98 percent of the average market price. This average is calculated during a specified trading period, which takes place immediately before the dividend payment date.
Enrollment for Shareholders
Shareholders who wish to participate in the Plan must enroll, especially those holding shares through brokers or financial institutions. It’s an efficient way to expand their holdings without additional costs, further aligning their interests with the company’s growth.
About Timbercreek Financial
Timbercreek Financial stands out as a prominent non-bank lender focusing on commercial real estate financing. The company is dedicated to offering structured funding solutions that cater to the unique needs of real estate investors. With a commitment to flexible terms and speedy execution, Timbercreek ensures their clients benefit from financing options that traditional Canadian banks may not provide.
Commitment to Stakeholders
The organization prides itself on its detailed underwriting processes and active management, driving strong governance that assures investors of reliable risk-adjusted returns. This thoughtful approach not only supports borrowers but also enhances confidence among shareholders.
Contact Information
For more information about the dividend announcement and the Plan, individuals can reach out directly to Timbercreek Financial:
Timbercreek Financial
R. Blair Tamblyn
Chief Executive Officer
btamblyn@timbercreek.com
www.timbercreekfinancial.com
Frequently Asked Questions
What is the declared monthly dividend amount?
Timbercreek Financial has declared a monthly dividend of $0.0575 per common share.
When will the dividend be paid?
The dividend is scheduled to be paid on September 15 to shareholders of record as of August 29.
Can I reinvest my dividends?
Yes, Timbercreek offers a Dividend Reinvestment Plan allowing shareholders to reinvest their dividends into additional shares.
How is the price for shares under the Plan determined?
The price for shares under the Plan is set at 98 percent of the average market price during the specified trading period before the dividend payment date.
Who can enroll in the Dividend Reinvestment Plan?
All shareholders, including those holding shares through brokers or financial institutions, can enroll in the Plan to benefit from reinvestment options.
About The Author
Contact Riley Hayes privately here. Or send an email with ATTN: Riley Hayes as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.