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

Colony Credit Real Estate Inc (NYSE:CLNC) announced a monthly dividend on Wednesday, November 7th, Wall Street Journal reports. Shareholders of record on Friday, November 30th will be paid 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 NYSE:CLNC opened at $19.92 on Thursday. Colony Credit Real Estate has a 52 week low of $17.66 and a 52 week high of $23.23. 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 (NYSE:CLNC) last announced 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 business had revenue of $29.96 million for the quarter, compared to the consensus estimate of $126.10 million. Equities analysts anticipate that Colony Credit Real Estate will post 1.47 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised shares of Colony Credit Real Estate from a “strong sell” rating to a “hold” rating in a research report on Monday, October 15th.

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Colony Credit Real Estate Company Profile

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.

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

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