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Broadmark Realty Capital Declares Monthly Dividend for March 2021

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Broadmark Realty Capital (NYSE: BRMK) has declared a cash dividend of $0.07 per share for March 2021. This dividend will be paid on April 15, 2021, to shareholders of record as of March 31, 2021. Broadmark Realty, an internally managed secured real estate finance company, specializes in short-term loans for residential and commercial property acquisition and development. This dividend announcement reflects the company's commitment to returning income to its shareholders.

Positive
  • Dividend increase shows confidence in business strategy.
  • The cash dividend of $0.07 per share provides direct income to shareholders.
Negative
  • No specific financial metrics or performance data have been provided.
  • Forward-looking statements contain uncertainty about future performance.

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 March 2021. The dividend will be payable on April 15, 2021 to stockholders of record as of March 31, 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.

FAQ

What is the dividend amount declared by BRMK?

The dividend amount declared by Broadmark Realty Capital (BRMK) is $0.07 per share.

When will the BRMK dividend be paid?

The BRMK dividend will be payable on April 15, 2021.

What is the record date for the BRMK dividend?

The record date for the BRMK dividend is March 31, 2021.

Is the dividend from BRMK sustainable?

The sustainability of the BRMK dividend is not specified in the press release, and future performance may vary.

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635.04M
127.76M
3.03%
45.76%
1.78%
REIT—Mortgage
Real Estate
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United States
Seattle