Ready Capital Corporation Declares Third Quarter 2020 Dividend

Rhea-AI Summary

Ready Capital Corporation (NYSE:RC) declared a quarterly cash dividend of $0.30 per share for the quarter ended September 30, 2020. The dividend will be payable on October 30, 2020, to shareholders of record by the close of business on September 30, 2020. This announcement reflects the company's ongoing commitment to returning value to shareholders while maintaining a focus on growth in the multifamily and commercial real estate sectors.

Positive

• Quarterly cash dividend of $0.30 announced, reinforcing shareholder value.
• Dividend payout scheduled for October 30, 2020, ensuring timely returns for investors.

Negative

• None.

NEW YORK, Sept. 15, 2020 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2020. This dividend is payable on October 30, 2020 to shareholders of record as of the close of business on September 30, 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 Q3 2020?

Ready Capital Corporation declared a dividend of $0.30 per share for the third quarter of 2020.

When will Ready Capital Corporation pay the Q3 2020 dividend?

The dividend will be payable on October 30, 2020.

What is the record date for the Q3 2020 dividend for Ready Capital Corporation?

The record date for the dividend is September 30, 2020.