Lument Finance Trust Boosts Quarterly Common Stock Dividend By 17% From $0.06 To $0.07 Per Share
Portfolio Pulse from Benzinga Newsdesk
Lument Finance Trust has increased its quarterly common stock dividend by 17% from $0.06 to $0.07 per share. The dividend will be payable on October 16, 2023, to common stockholders of record as of the close of business on September 29, 2023.
September 14, 2023 | 9:21 pm
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Lument Finance Trust's decision to increase its quarterly common stock dividend by 17% could make the stock more attractive to income-focused investors.
Dividend increases are generally seen as a positive signal by the market, indicating a company's confidence in its future earnings. This could potentially attract more investors, driving up the demand and price of LFT's stock in the short term.
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