Chicago Atlantic Real Estate Finance, Inc. (REFI) To Go Ex-Dividend on September 30th

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) declared a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.47 per share on Tuesday, October 15th. This represents a $1.88 annualized dividend and a dividend yield of 11.71%. The ex-dividend date is Monday, September 30th.

Chicago Atlantic Real Estate Finance has a dividend payout ratio of 89.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Chicago Atlantic Real Estate Finance to earn $2.01 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 93.5%.

Chicago Atlantic Real Estate Finance Stock Performance

Chicago Atlantic Real Estate Finance stock opened at $16.05 on Friday. Chicago Atlantic Real Estate Finance has a fifty-two week low of $13.86 and a fifty-two week high of $17.65. The company has a market capitalization of $314.90 million, a price-to-earnings ratio of 8.07 and a beta of 0.20. The stock has a fifty day moving average of $15.71 and a two-hundred day moving average of $15.71.

About Chicago Atlantic Real Estate Finance

Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry.