Ready Capital Corporation Declares Second Quarter 2021 Dividends

Rhea-AI Summary

Ready Capital Corporation (NYSE:RC) declared a quarterly cash dividend of $0.42 per share of common stock for the quarter ended June 30, 2021, payable on July 30, 2021. Shareholders of record as of June 30, 2021, will receive this dividend. In addition, the company announced dividends for various preferred stocks: $0.5390625 for Series B, $0.390625 for Series C, $0.4765625 for Series D, and $0.225694 for Series E, all payable on July 15 or July 31, 2021.

Positive

• Quarterly cash dividend of $0.42 per common share signifies strong cash flow.
• Regular dividends on preferred stocks demonstrate commitment to shareholder returns.

Negative

• None.

NEW YORK, June 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 June 30, 2021. This dividend is payable on July 30, 2021 to shareholders of record as of the close of business on June 30, 2021.

Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 8.625% Series B Cumulative Preferred Stock (the "Series B Preferred Stock"), its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), its 7.625% Series D Cumulative Redeemable Preferred Stock (the "Series D Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock").

The Company declared a dividend of $0.5390625 per share of Series B Preferred Stock payable on July 15, 2021 to Series B Preferred Stock holders of record as of the close of business on June 30, 2021.

The Company declared a dividend of $0.390625 per share of Series C Preferred Stock payable on July 15, 2021 to Series C Preferred Stock holders of record as of the close of business on June 30, 2021.

The Company declared a dividend of $0.4765625 per share of Series D Preferred Stock payable on July 15, 2021 to Series D Preferred Stock holders of record as of the close of business on June 30, 2021.

The Company declared a dividend of $0.225694 per share of Series E Preferred Stock payable on July 31, 2021 to Series E Preferred Stock holders of record as of the close of business on June 30, 2021, which represents an annual dividend of $1.625 per share.

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 common stock?

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

When is the dividend for Ready Capital Corporation's common stock payable?

The dividend is payable on July 30, 2021.

What are the dividend amounts for the preferred stocks of Ready Capital Corporation?

The dividends for preferred stocks are: $0.5390625 for Series B, $0.390625 for Series C, $0.4765625 for Series D, and $0.225694 for Series E.

What is the payment date for the preferred stock dividends declared by Ready Capital Corporation?

The preferred stock dividends are payable on July 15, 2021, for Series B, C, and D, and on July 31, 2021, for Series E.

Who are the shareholders of record for the dividends declared by Ready Capital Corporation?

Shareholders of record as of June 30, 2021, will receive the dividends.