Colony Credit Real Estate Inc Plans Monthly Dividend of $0.15 (CLNC)

Share on StockTwits

Colony Credit Real Estate Inc (NYSE:CLNC) declared a monthly dividend on Wednesday, November 7th, Wall Street Journal reports. Investors of record on Friday, November 30th will be given a dividend of 0.145 per share on Monday, December 10th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 8.73%. The ex-dividend date of this dividend is Thursday, November 29th.

Shares of Colony Credit Real Estate stock traded down $0.05 during midday trading on Wednesday, reaching $19.92. The company had a trading volume of 274,501 shares, compared to its average volume of 476,168. The company has a quick ratio of 6.73, a current ratio of 6.73 and a debt-to-equity ratio of 0.29. Colony Credit Real Estate has a fifty-two week low of $17.66 and a fifty-two week high of $23.23.

Colony Credit Real Estate (NYSE:CLNC) last posted its quarterly earnings data on Tuesday, November 6th. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.05). The company had revenue of $29.96 million during the quarter, compared to the consensus estimate of $126.10 million. On average, equities research analysts forecast that Colony Credit Real Estate will post 1.47 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered Colony Credit Real Estate from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 15th.

COPYRIGHT VIOLATION WARNING: “Colony Credit Real Estate Inc Plans Monthly Dividend of $0.15 (CLNC)” was reported by Week Herald and is the property of of Week Herald. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://weekherald.com/2018/11/07/colony-credit-real-estate-inc-plans-monthly-dividend-of-0-15-clnc.html.

About Colony Credit Real Estate

Colony Credit Real Estate, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States. It focuses on originating, acquiring, financing, and managing a portfolio of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties.

Read More: How is the discount rate different from the Federal Funds rate?

Dividend History for Colony Credit Real Estate (NYSE:CLNC)

Receive News & Ratings for Colony Credit Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Credit Real Estate and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply