Claros Mortgage Trust, Inc. Pauses Common Stock Dividend
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Claros Mortgage Trust, Inc. has suspended its quarterly dividend on common stock starting with the fourth quarter dividend that would have been paid in January 2025. The company has already paid $0.60 per share in dividends this year, exceeding its 2024 taxable income estimate.
December 16, 2024 | 11:15 pm
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Claros Mortgage Trust, Inc. has suspended its quarterly dividend on common stock starting with the fourth quarter dividend that would have been paid in January 2025. This decision comes after paying $0.60 per share in dividends this year, exceeding its 2024 taxable income estimate.
The suspension of dividends is typically viewed negatively by investors as it may indicate financial challenges or a shift in company strategy. This could lead to a decrease in stock price as dividend-seeking investors may sell their shares.
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