READY CAPITAL CORPORATION DECLARES FIRST QUARTER 2022 DIVIDENDS

Rhea-AI Summary

Ready Capital Corporation (NYSE:RC) declared a quarterly cash dividend of $0.42 per share for the quarter ending March 31, 2022, payable on April 29, 2022. This dividend is for common stock and Operating Partnership units, with a record date of March 31, 2022. Additionally, the Company announced dividends for its preferred stock: $0.390625 for Series C Preferred, payable on April 15, 2022, and $0.40625 for Series E Preferred, also payable on April 29, 2022.

Positive

• Quarterly cash dividend of $0.42 benefits shareholders.
• Ongoing commitment to shareholder returns through preferred stock dividends.

Negative

• None.

NEW YORK, March 15, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.42 per share of common stock and Operating Partnership unit for the quarter ended March 31, 2022. This dividend is payable on April 29, 2022 to shareholders of record as of the close of business on March 31, 2022.

Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock").

The Company declared a dividend of $0.390625 per share of Series C Preferred Stock payable on April 15, 2022 to Series C Preferred stockholders of record as of the close of business on March 31, 2022.

The Company declared a dividend of $0.40625 per share of Series E Preferred Stock payable on April 29, 2022 to Series E Preferred stockholders of record as of the close of business on March 31, 2022.

About Ready Capital Corporation

Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York, New York, Ready Capital employs over 600 lending professionals nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.

Contact

Investor Relations
212-257-4666
InvestorRelations@readycapital.com

Media Relations
PR@readycapital.com

 

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SOURCE Ready Capital Corporation

FAQ

What is the dividend amount declared by Ready Capital Corporation for March 2022?

Ready Capital Corporation declared a dividend of $0.42 per share for common stock.

When will Ready Capital pay the dividend?

The dividend will be paid on April 29, 2022.

What are the preferred stock dividends announced by Ready Capital?

The dividends are $0.390625 for Series C Preferred and $0.40625 for Series E Preferred.

What is the record date for the dividend payment?

The record date for the dividend payment is March 31, 2022.