Claros Mortgage Trust, Inc. Pauses Common Stock Dividend
Claros Mortgage Trust, Inc. (CMTG)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (“the Company” or “CMTG”) today announced that its Board of Directors suspended the Company’s quarterly dividend on its common stock commencing with the fourth quarter dividend that would have otherwise been paid in January 2025. CMTG paid three regular quarterly dividends during the year totaling $0.60 per share of common stock, which exceeds its 2024 taxable income estimate.“Taking into consideration that CMTG has fulfilled its REIT taxable income distribution requirements for the 2024 calendar year, the Board of Directors suspended the quarterly dividend to preserve capital and create added financial flexibility for capital allocation decisions with the objective of enhancing stockholder value over the long-term,” said Richard Mack, Chief Executive Officer and Chairman of CMTG.“Looking ahead, the Board of Directors will determine whether to reinstate the quarterly dividend based on broader market conditions, th
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News
- Claros Mortgage Trust Insiders Added US$1.67m Of Stock To Their Holdings [Yahoo! Finance]Yahoo! Finance
- Claros Mortgage Trust, Inc. (NYSE: CMTG) had its price target lowered by analysts at UBS Group AG from $8.50 to $8.00. They now have a "neutral" rating on the stock.MarketBeat
- Claros Mortgage Trust, Inc. (NYSE: CMTG) had its price target raised by analysts at Keefe, Bruyette & Woods from $6.75 to $7.25. They now have an "underperform" rating on the stock.MarketBeat
- Claros Mortgage Trust Inc (CMTG) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]Yahoo! Finance
- Claros Mortgage Trust, Inc. Reports Third Quarter 2024 ResultsBusiness Wire
CMTG
Earnings
- 11/7/24 - Miss
CMTG
Sec Filings
- 12/4/24 - Form 8-K
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- CMTG's page on the SEC website