Lument Finance Trust, Inc. (LFT) recently announced a significant increase in their cash dividend for the second quarter of 2024. The dividend for common stock will be $0.08 per share, marking a 14% increase from the previous quarter. This dividend is payable on July 15, 2024, to common stockholders of record as of June 28, 2024. Additionally, a cash dividend of $0.4921875 per share of 7.875% Cumulative Redeemable Series A Preferred Stock was declared, also payable on July 15, 2024.
LFT is a Maryland corporation that focuses on investing in, financing, and managing a portfolio of commercial real estate debt investments, especially in middle-market multi-family assets. The company primarily invests in transitional floating-rate commercial mortgage loans. LFT is externally managed and advised by Lument Investment Management, LLC. Investors, security holders, and other interested individuals can find more information about the company on the SEC’s website or the LFT website, or by contacting Lument Finance Trust directly at their New York address.
Forward-looking statements included in the press release caution investors about risks and uncertainties in the company’s future performance. While based on the Company’s beliefs, assumptions, and expectations, actual results may differ. LFT disclaims any intention to update or revise forward-looking statements unless required by law. The detailed financial statements and reports are available on the SEC’s website for investors to make informed decisions about Lument Finance Trust, Inc.
