Ready Capital Corporation Declares Fourth Quarter 2020 Dividend

Rhea-AI Summary

Ready Capital Corporation (NYSE:RC) declared a quarterly cash dividend of $0.35 per share for the quarter ended December 31, 2020. This dividend is payable on January 29, 2021 to shareholders of record as of December 31, 2020. The company specializes in real estate finance, focusing on small to medium balance commercial loans backed by various types of commercial real estate. Ready Capital is managed by Waterfall Asset Management and employs over 500 lending professionals nationwide.

Positive

• Quarterly cash dividend of $0.35 demonstrates company income and shareholder value.
• Payment date set for January 29, 2021, maintaining a consistent dividend policy.

Negative

• None.

NEW YORK, Dec. 14, 2020 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) announced that its Board of Directors declared a quarterly cash dividend of $0.35 per share of common stock and Operating Partnership unit for the quarter ended December 31, 2020. This dividend is payable on January 29, 2021 to shareholders of record as of the close of business on December 31, 2020.

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 500 lending professionals nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.

Contact

Investor Relations
Ready Capital Corporation
212-257-4666
InvestorRelations@readycapital.com

 

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SOURCE Ready Capital Corporation

FAQ

What is the dividend amount declared by Ready Capital Corporation for the fourth quarter of 2020?

Ready Capital Corporation declared a dividend of $0.35 per share.

When will Ready Capital Corporation pay the dividend?

The dividend will be payable on January 29, 2021.

What is the record date for the dividend payment by Ready Capital Corporation?

The record date for the dividend payment is December 31, 2020.

How does Ready Capital Corporation's dividend compare to its previous dividends?

The press release does not provide information to compare the current dividend with previous ones.