Chicago Atlantic Real Estate Finance Reaffirms Guidance
Portfolio Pulse from Benzinga Newsdesk
Chicago Atlantic Real Estate Finance (REFI) has reaffirmed its guidance for 2023, expecting to maintain a dividend payout ratio of 90% to 100% based on Distributable Earnings per weighted average diluted share. The regular quarterly common dividend is expected to be a minimum of $0.47 per share. If additional dividends are required to meet 2023 taxable income distribution requirements, the company plans to meet this with a special dividend in Q4 2023.
August 09, 2023 | 12:14 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Chicago Atlantic Real Estate Finance's reaffirmation of its 2023 guidance and commitment to maintaining a high dividend payout ratio could be seen as a positive signal by investors, potentially leading to a positive impact on the company's stock price in the short term.
Investors often view a company's commitment to maintaining or increasing dividends as a positive sign of its financial health and profitability. This could lead to increased demand for the company's stock, potentially driving up its price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100