Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Declares Quarterly Dividend of $0.47

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) announced a quarterly dividend on Monday, September 15th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.47 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 14.2%.

Chicago Atlantic Real Estate Finance has a dividend payout ratio of 90.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Chicago Atlantic Real Estate Finance to earn $1.94 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 96.9%.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of REFI stock opened at $13.23 on Monday. The stock’s fifty day moving average price is $13.80 and its two-hundred day moving average price is $14.34. The company has a market cap of $278.89 million, a PE ratio of 7.23 and a beta of 0.24. Chicago Atlantic Real Estate Finance has a fifty-two week low of $12.76 and a fifty-two week high of $16.29.

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.