Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Free Report) declared a quarterly dividend on Friday, June 14th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.47 per share on Monday, July 15th. This represents a $1.88 annualized dividend and a yield of 11.93%. The ex-dividend date is Friday, June 28th.
Chicago Atlantic Real Estate Finance has a dividend 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 fall. Research analysts expect Chicago Atlantic Real Estate Finance to earn $2.19 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 85.8%.
Chicago Atlantic Real Estate Finance Stock Performance
REFI opened at $15.76 on Friday. The stock has a 50-day moving average of $15.64 and a 200-day moving average of $15.88. Chicago Atlantic Real Estate Finance has a 52-week low of $13.86 and a 52-week high of $17.65. The company has a market cap of $301.02 million, a PE ratio of 7.92 and a beta of 0.21.
Analyst Ratings Changes
Read Our Latest Stock Analysis on Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance Company Profile
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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