Hunt Companies Finance Trust Reports Fourth Quarter and Full Year 2018 Results and Announces Dividend Increase
NEW YORK , March 18, 2019 |PRNewswire| -- Hunt Companies Finance Trust, Inc. (NYSE: HCFT ) ("we", "HCFT" or "the Company") today reported its fourth quarter and full year 2018 results. Net income (loss) for the fourth quarter was ($0.5) million , or ($0.02) per share, and for the full year was ($9.0) million , or ($0.38) per share. Comprehensive income (loss) for the fourth quarter was ($0.5) million , or ($0.02) per share, and for the full year was $3.6 million , or $0.15 per share. These levels were negatively impacted by significant non-recurring items related to legacy portfolio activity. Core earnings for the fourth quarter was $1.9 million , or $0.08 per share, and for the full year was $7.3 million , or $0.31 per share. The Company announced the declaration of a cash dividend of $0.07 per share of common stock with respect to the first quarter of 2019, which represents a 17% increase over the fourth quarter of 2018 dividend of $0.06 per share. This increase is reflective of the Company's positive view of its projected performance in 2019.
Hunt Companies Finance Trust Reports Fourth Quarter and Full Year 2018 Results and Announces Dividend Increase
NEW YORK , March 18, 2019 |PRNewswire| -- Hunt Companies Finance Trust, Inc. (NYSE: HCFT ) ("we", "HCFT" or "the Company") today reported its fourth quarter and full year 2018 results. Net income (loss) for the fourth quarter was ($0.5) million , or ($0.02) per share, and for the full year was ($9.0) million , or ($0.38) per share. Comprehensive income (loss) for the fourth quarter was ($0.5) million , or ($0.02) per share, and for the full year was $3.6 million , or $0.15 per share. These levels were negatively impacted by significant non-recurring items related to legacy portfolio activity. Core earnings for the fourth quarter was $1.9 million , or $0.08 per share, and for the full year was $7.3 million , or $0.31 per share. The Company announced the declaration of a cash dividend of $0.07 per share of common stock with respect to the first quarter of 2019, which represents a 17% increase over the fourth quarter of 2018 dividend of $0.06 per share. This increase is reflective of the Company's positive view of its projected performance in 2019.