Lument Finance Trust's Series A Preferred Stock Shares Cross 11% Yield Mark
ETF Channel Staff - Wednesday, December 6, 2:59 PMIn trading on Wednesday, shares of Lument Finance Trust Inc's 7.875% Series A Cumulative Redeemable Preferred Stock (LFT.PRA) were yielding above the 11% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $17.59 on the day. This compares to an average yield of 8.19% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, LFT.PRA was trading at a 27.80% discount to its liquidation preference amount, versus the average discount of 15.76% in the "Real Estate" category.
The chart below shows the one year performance of LFT.PRA shares, versus LFT:
Below is a dividend history chart for LFT.PRA, showing historical dividend payments on Lument Finance Trust Inc's 7.875% Series A Cumulative Redeemable Preferred Stock:
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, Lument Finance Trust Inc's 7.875% Series A Cumulative Redeemable Preferred Stock (LFT.PRA) is currently off about 1.3% on the day, while the common shares (LFT) are off about 4.6%.