Lument Finance Trust, Inc. Announces Quarterly Common Stock Dividend Increase

Core Insights - Lument Finance Trust, Inc. (LFT) declared a cash dividend of $0.08 per share for Q2 2024, marking a 14% increase from the Q1 2024 dividend of $0.07 per share [1] - The dividend is scheduled for payment on July 15, 2024, to stockholders of record as of June 28, 2024 [1] - Additionally, LFT announced a cash dividend of $0.4921875 per share for its 7.875% Cumulative Redeemable Series A Preferred Stock, payable on July 15, 2024, to preferred stockholders of record as of July 1, 2024 [7] Company Overview - LFT is a Maryland corporation that focuses on investing in, financing, and managing a portfolio of commercial real estate debt investments [2] - The company primarily invests in transitional floating rate commercial mortgage loans, with a focus on middle-market multi-family assets [2] - LFT is externally managed and advised by Lument Investment Management, LLC, a Delaware limited liability company [2]