READY CAPITAL CORPORATION DECLARES FOURTH QUARTER 2021 DIVIDENDS

Rhea-AI Summary

Ready Capital Corporation (NYSE:RC) has declared its quarterly cash dividend of $0.42 per share for the quarter ended December 31, 2021, payable on January 31, 2022. Shareholders of record by December 31, 2021 will receive this dividend. Additionally, the Company announced dividends for its 6.25% Series C and 6.50% Series E Preferred Stocks, with payments of $0.390625 and $0.40625 respectively, also payable on January 14, 2022 and January 31, 2022.

Positive

• Quarterly cash dividend of $0.42 per share, reflecting company confidence.
• Consistent dividend payments for preferred stocks, showing strong capital management.
• Shareholder returns reinforced by dividends scheduled for January 2022.

Negative

• None.

NEW YORK, Dec. 14, 2021 /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 December 31, 2021. This dividend is payable on January 31, 2022 to shareholders of record as of the close of business on December 31, 2021.

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 January 14, 2022 to Series C Preferred stockholders of record as of the close of business on December 31, 2021.

The Company declared a dividend of $0.40625 per share of Series E Preferred Stock payable on January 31, 2022 to Series E Preferred stockholders of record as of the close of business on December 31, 2021.

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
212-257-4666
InvestorRelations@readycapital.com

Media Relations
PR@readycapital.com

View original content:https://www.prnewswire.com/news-releases/ready-capital-corporation-declares-fourth-quarter-2021-dividends-301444560.html

SOURCE Ready Capital Corporation

FAQ

What is the dividend amount declared by Ready Capital Corporation for December 2021?

Ready Capital Corporation declared a quarterly cash dividend of $0.42 per share.

When is the dividend for Ready Capital Corporation payable?

The dividend is payable on January 31, 2022.

Who is eligible to receive the dividend from Ready Capital Corporation?

Shareholders of record as of December 31, 2021, are eligible to receive the dividend.

What are the dividends for the Series C and Series E Preferred Stocks?

The dividend for Series C Preferred Stock is $0.390625, and for Series E Preferred Stock, it is $0.40625.

When are the preferred stock dividends payable?

The Series C Preferred Stock dividend is payable on January 14, 2022, and the Series E Preferred Stock dividend is payable on January 31, 2022.