Broadmark Realty Capital Declares Monthly Dividend for May 2021

Rhea-AI Summary

Broadmark Realty Capital (NYSE: BRMK) has declared a cash dividend of $0.07 per share for May 2021. This dividend is set to be paid on June 15, 2021, to stockholders recorded by May 28, 2021. The company operates as a secured real estate finance entity, primarily offering short-term loans secured by real estate for property acquisition, renovation, and development. This consistent dividend demonstrates the company's commitment to returning value to its shareholders.

Positive

• Declared a cash dividend of $0.07 per share for May 2021.
• Dividend payout scheduled for June 15, 2021, indicating strong shareholder returns.

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 May 2021. The dividend will be payable on June 15, 2021 to stockholders of record as of May 28, 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/20210514005501/en/

FAQ

What is the cash dividend amount for BRMK in May 2021?

The cash dividend amount for Broadmark Realty Capital (BRMK) in May 2021 is $0.07 per share.

When will the dividend for May 2021 be paid to BRMK shareholders?

The dividend for May 2021 will be paid on June 15, 2021.

What is the record date for the BRMK dividend payment?

The record date for the BRMK dividend payment is May 28, 2021.

Is Broadmark Realty Capital committed to paying dividends regularly?

The declaration of a cash dividend suggests a commitment to returning value to shareholders, although future payments are subject to the company's financial performance.