Broadmark Realty Capital Declares Monthly Dividend for January 2021

Rhea-AI Summary

Broadmark Realty Capital Inc. (NYSE: BRMK) has declared a cash dividend of $0.07 per share for January 2021, marking a notable 17% increase over the previous dividend rate. This dividend will be distributed on February 12, 2021, to stockholders who are on record as of January 29, 2021. The move reflects the company's ongoing commitment to return value to shareholders while managing its portfolio effectively across varying market conditions.

Positive

• Cash dividend of $0.07 per share declared.
• Dividend increased by 17% compared to the prior rate.
• Strong commitment to returning value to shareholders.

Negative

• None.

Broadmark Realty Capital Inc. (NYSE: BRMK) (the “Company”), an internally managed real estate secured finance company, today announced that its board of directors has declared a cash dividend of $0.07 per share of common stock for January 2021. The January dividend reflects an approximately 17% increase over the prior dividend rate. The dividend will be payable on February 12, 2021 to stockholders of record as of January 29, 2021.

Forward Looking Statements

Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may”, “should”, “would”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “seem”, “seek”, “continue”, “future”, “will”, “expect”, “outlook” or other similar words, phrases or expressions. These statements are based on the current expectations and are not predictions of actual performance. In addition, actual results are subject to other risks and uncertainties that relate more broadly to the Company’s overall business, including those more fully described in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of performance, and speak only as of the date made, and the Company undertakes no obligation to update or revise any forward-looking statements except as required by law.

About Broadmark Realty Capital

Broadmark Realty Capital Inc. (NYSE: BRMK) is an internally managed commercial real estate finance company that offers short-term, first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation or development of residential or commercial properties. Broadmark Realty Capital manages and services its loan portfolio across a variety of market conditions and economic cycles.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210111005940/en/

FAQ

What is the dividend amount declared by Broadmark Realty Capital for January 2021?

Broadmark Realty Capital declared a cash dividend of $0.07 per share for January 2021.

When will the dividend be paid to shareholders?

The dividend will be payable on February 12, 2021.

What was the percentage increase in the dividend from the previous rate?

The dividend reflects a 17% increase over the prior dividend rate.

Who is eligible to receive the dividend?

Stockholders of record as of January 29, 2021, are eligible to receive the dividend.