READY CAPITAL CORPORATION DECLARES SECOND QUARTER 2022 DIVIDENDS

Rhea-AI Summary

Ready Capital Corporation (NYSE: RC) declared a quarterly cash dividend of $0.42 per share for common stock payable on July 29, 2022. Shareholders of record by June 30, 2022 will receive this dividend. Additionally, the company announced dividends for its preferred stocks: $0.390625 per share for Series C, payable on July 15, 2022, and $0.40625 per share for Series E, also payable on July 29, 2022. These actions reflect the company's commitment to return income to shareholders while managing its real estate finance strategies.

Positive

• Quarterly cash dividend of $0.42 per share for common stock, payable July 29, 2022.
• Dividends of $0.390625 and $0.40625 declared for Series C and Series E preferred stocks, respectively.
• Continued commitment to shareholder returns.

Negative

• None.

NEW YORK, June 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 June 30, 2022. This dividend is payable on July 29, 2022 to shareholders of record as of the close of business on June 30, 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 July 15, 2022 to Series C Preferred stockholders of record as of the close of business on June 30, 2022.

The Company declared a dividend of $0.40625 per share of Series E Preferred Stock payable on July 29, 2022 to Series E Preferred stockholders of record as of the close of business on June 30, 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 Q2 2022?

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

When will the dividends be paid for Ready Capital Corporation?

The dividend for common stock will be paid on July 29, 2022, and for Series C and Series E Preferred Stock on July 15 and July 29, 2022, respectively.

What are the record dates for the dividends declared by Ready Capital Corporation?

The record date for all dividends is June 30, 2022.

What dividend per share is declared for Series C Preferred Stock by Ready Capital Corporation?

The dividend for Series C Preferred Stock is $0.390625 per share.

What dividend per share is declared for Series E Preferred Stock by Ready Capital Corporation?

The dividend for Series E Preferred Stock is $0.40625 per share.