Tremont Mortgage Trust (NASDAQ:TRMT) Plans Dividend Increase – $0.22 Per Share

Tremont Mortgage Trust (NASDAQ:TRMT) announced a quarterly dividend on Thursday, April 18th, NASDAQ reports. Shareholders of record on Monday, April 29th will be paid a dividend of 0.22 per share on Thursday, May 16th. This represents a $0.88 dividend on an annualized basis and a yield of 11.03%. The ex-dividend date of this dividend is Friday, April 26th. This is an increase from Tremont Mortgage Trust’s previous quarterly dividend of $0.11.

Tremont Mortgage Trust stock traded down $0.02 during trading hours on Friday, reaching $7.98. 10,410 shares of the company were exchanged, compared to its average volume of 23,481. The company has a quick ratio of 29.75, a current ratio of 29.75 and a debt-to-equity ratio of 1.73. Tremont Mortgage Trust has a 12 month low of $7.66 and a 12 month high of $13.80.

Tremont Mortgage Trust (NASDAQ:TRMT) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07). Tremont Mortgage Trust had a negative net margin of 49.86% and a negative return on equity of 2.70%. The business had revenue of $1.78 million during the quarter.

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Tremont Mortgage Trust Company Profile

Tremont Mortgage Trust, a real estate investment trust (REIT), focuses on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate in the United States. The company qualifies as a REIT for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.

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