Broadmark Realty Capital Declares Monthly Dividend for July 2021

Rhea-AI Summary

Broadmark Realty Capital (NYSE: BRMK) has declared a cash dividend of $0.07 per share, set to be paid on August 13, 2021, to stockholders on record as of July 30, 2021. This decision reflects the company's commitment to return value to its investors amidst its ongoing operations in secured real estate financing. Broadmark Realty specializes in short-term loans secured by real estate for property acquisition and development.

Positive

• Declared cash dividend of $0.07 per share, enhancing shareholder returns.
• Demonstrates ongoing confidence in the company's financial stability and cash flow.

Negative

• None.

Broadmark Realty Capital Inc. (NYSE: BRMK) (the “Company”), an internally managed secured real estate finance company, today announced that its board of directors has declared a cash dividend of $0.07 per share of common stock for July 2021. The dividend will be payable on August 13, 2021 to stockholders of record as of July 30, 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/20210713005918/en/

FAQ

What is the dividend amount declared by Broadmark Realty Capital?

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

When will the dividend be paid to shareholders?

The dividend will be payable on August 13, 2021.

Who is eligible to receive the dividend from Broadmark Realty Capital?

Stockholders of record as of July 30, 2021, are eligible to receive the dividend.

How does the dividend declaration impact BRMK stock?

The dividend declaration signals confidence in financial performance, potentially positively influencing BRMK stock valuation.