NASDAQ · Dividend

Chicago Atlantic Real Estate Finance, Inc. (REFI) Dividend

$9.37 NASDAQ: REFI Market Cap $240.07M

Metric	Value
Dividend Yield	17.65%
Indicated Annual Dividend	$1.65
Payout Ratio	135.20%
FCF Yield	11.86%
Current Price	$9.37

Dividend Analysis

Chicago Atlantic Real Estate Finance, Inc. (REFI) currently pays a dividend yielding 17.65%, an indicated annual rate of roughly $1.65 per share. The payout ratio is 135.20%, meaning dividends paid exceeded reported earnings over the period. REITs often pay out more than reported net income because depreciation reduces earnings; funds from operations (FFO) is the coverage measure REITs usually report. Free cash flow yield is 11.86%. FCF yield compares the cash a company generates with its market value and can be read alongside the earnings-based payout ratio.

Chicago Atlantic Real Estate Finance, Inc. pays quarterly; the payout ratio of 135.2% means the dividend currently exceeds reported earnings, which a company can sustain for a time from cash reserves or borrowing but not indefinitely; free cash flow yield of 11.86% is below the 17.65% dividend yield, so the dividend is not fully covered by free cash flow at the current price.

Payment schedule

Measure	Value
Indicated annual dividendYield times the current share price.	$1.65
Dividend yieldAnnual dividend as a percentage of the share price.	17.65%
Payments per yearThis stock pays quarterly.	4
Amount per paymentIndicated annual dividend divided by the number of payments.	$0.41

Dividend income by amount invested

At today's price and the current indicated dividend. Shares are not rounded to whole numbers, and a future dividend is never guaranteed.

Invested	Shares	Income per year	Per payment
$1,000	106.7	$176.50	$44.13
$5,000	533.6	$882.50	$220.63
$10,000	1067.2	$1765.00	$441.25
$25,000	2668.1	$4412.50	$1103.13
$50,000	5336.2	$8825.00	$2206.25

Yield across the 52-week range

Yield moves opposite the share price. Holding the current dividend constant, this is what the yield would have been at each end of the last year's range.

Share price	Price	Yield
At the 52-week high	$13.49	12.26%
Today	$9.37	17.65%
At the 52-week low	$8.77	18.86%

Dividend yield against peers

Chicago Atlantic Real Estate Finance, Inc. ranks 2 of 6 by dividend yield among these companies; 1 yields more.

Company	Yield	P/E	Price
Ellington Credit Company (EARN)	21.92%	-4.21	$4.38
Chicago Atlantic Real Estate Finance, Inc. (REFI)	17.65%	7.66	$9.37
Angel Oak Mortgage REIT, Inc. (AOMR)	17.49%	9.27	$7.37
Lument Finance Trust, Inc. (LFT)	17.02%	-7.33	$0.94
Advanced Flower Capital Inc. (AFCG)	5.71%	18.42	$3.01
Claros Mortgage Trust, Inc. (CMTG)	0.00%	-0.71	$2.37