Lument Finance Trust Inc. (NYSE:LFT) stock ended a bit lower on Wednesday. The stock has gained a lot of attention over the past few months and up 39% so far this year.
Major Trigger:
Lument Finance Trust, Inc. Declares Quarterly Cash Dividends for its Common and Preferred Stock
Key Highlights:
- LFT announced the declaration of a cash dividend of $0.09 per share of common stock with respect to the second quarter of 2021. The dividend is payable on July 15, 2021 to common stockholders of record as of the close of business on June 30, 2021.
- The Company also announced the declaration of a cash dividend of $0.3828125 per share of 7.875% Cumulative Redeemable Series A Preferred Stock. The dividend is payable on July 15, 2021 to preferred stockholders of record as of the close of business on July 1, 2021.
Market Reactions
On Wednesday, LFT stock fell by 1.50% at $4.18. Total volume for the session stood at 183K shares traded hands, well above its average volume of 98Kshares. The stock moved within a range of $4.1800 – 4.2500 after opening at $4.20.
Moving Averages
| /- EMA(20) | 3.94 (+6.09%) |
| +/- SMA(50) | 3.79 (+10.29%) |
| +/- SMA(200) | 3.14 (+33.12%) |
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 4.0867 | 4.1333 | 4.1567 | 4.2033 | 4.2267 | 4.2733 | 4.2967 |
| Fibonacci | 4.1333 | 4.1601 | 4.1766 | 4.2033 | 4.2301 | 4.2466 | 4.2733 |
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