loanDepot Declares Regular Cash Dividend of $0.08 Per Share

Rhea-AI Summary

loanDepot (NYSE: LDI) has declared a regular cash dividend of $0.08 per share on its Class A and Class D common stock. This dividend will be paid on January 18, 2022, to stockholders of record as of January 3, 2022. The announcement reflects the company's ongoing commitment to returning value to its shareholders, underlining its market position as the second-largest retail mortgage lender in the U.S. with a focus on digital-first services.

Positive

• Declared a cash dividend of $0.08 per share, indicating strong financial health.
• Dividend payment reflects the company's commitment to shareholder value.

Negative

• None.

FOOTHILL RANCH, Calif., Dec. 16, 2021 /PRNewswire/ -- loanDepot, Inc. (the "Company," NYSE: "LDI," together with its subsidiaries, "loanDepot") today announced that it has declared a regular cash dividend of $0.08 per share on its Class A common stock and Class D common stock (the "Dividend"). The board of directors of LD Holdings Group LLC ("LD Holdings"), a subsidiary of the Company, has authorized, and LD Holdings has declared, a simultaneous cash distribution on its units. The Dividend will be paid on January 18, 2022 to the Company's stockholders of record as of the close of business on January 3, 2022.

About loanDepot
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster and less stressful to purchase or refinance a home. Today, as the nation's second largest retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional and national philanthropic efforts.

Investor Contact:
Gerhard Erdelji
Senior Vice President, Investor Relations
(949) 822-4074
gerdelji@loandepot.com

Media Contact:
Rebecca Anderson
Senior Vice President, Strategic Communications and Public Relations
(949) 822-4024
rebeccaanderson@loandepot.com

LDI-IR

 

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SOURCE loanDepot, Inc.

FAQ

What is the dividend amount declared by loanDepot (LDI)?

loanDepot has declared a cash dividend of $0.08 per share.

When will the dividend be paid to loanDepot shareholders?

The dividend will be paid on January 18, 2022.

What is the record date for loanDepot's dividend?

The record date for the dividend is January 3, 2022.

Why did loanDepot declare a dividend?

The declaration of a dividend indicates the company's commitment to returning value to its shareholders.