TPG RE Finance Trust, Inc. Plans Quarterly Dividend of $0.24 (NYSE:TRTX)
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TPG RE Finance Trust, Inc. (NYSE:TRTX) has declared a quarterly dividend of $0.24 per share, payable on April 25th to stockholders of record as of March 28th. This annualizes to $0.96, yielding 11.25%. The company has increased its dividend by an average of 1.5% annually over the past three years, with a payout ratio of 88.9%. TRTX stock recently traded at $8.54, with a market cap of $691.37 million. Analysts have a consensus price target of $9.40 for the stock, which currently holds a Buy rating.
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