Lument Finance Suspends Common Dividend, Preserves Capital After Reverse Split
LFT is trading near its 52-week low of $5.8 (13% above the low).
Summary
Lument Finance Trust suspended its common stock dividend starting Q3 2026, citing sufficient REIT taxable income distributions already paid and a focus on capital preservation. The company paid $0.80 per share (post-split) in H1 2026, exceeding its REIT distribution requirements. This follows the 1-for-10 reverse split completed September 9 to regain NYSE compliance and a Q2 loss of $9.2M. Preferred shareholders still receive their $0.4921875 quarterly dividend on October 15.
At the time of this announcement, LFT was trading at $6.57 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $34.5M. The 52-week trading range was $5.80 to $22.10. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: PR Newswire.