Ready Capital Corporation Declares Third Quarter 2021 Dividends

Rhea-AI Summary

Ready Capital Corporation (NYSE: RC) has declared a quarterly cash dividend of $0.42 per share for the quarter ended September 30, 2021, payable on October 29, 2021. Shareholders of record as of September 30, 2021, will receive the dividend. Additionally, the Company announced dividends for its preferred stock: $0.390625 for Series C Preferred Stock, payable on October 15, 2021, and $0.40625 for Series E Preferred Stock, payable on November 1, 2021.

Positive

• Quarterly cash dividend of $0.42 per common share indicates strong cash flow.
• Dividends for preferred stock reflect company stability and commitment to shareholders.

Negative

• None.

NEW YORK, Sept. 15, 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 September 30, 2021. This dividend is payable on October 29, 2021 to shareholders of record as of the close of business on September 30, 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 October 15, 2021 to Series C Preferred Stock holders of record as of the close of business on September 30, 2021.

The Company declared a dividend of $0.40625 per share of Series E Preferred Stock payable on November 1, 2021 to Series E Preferred Stock holders of record as of the close of business on September 30, 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
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 2021?

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

When will the dividend for common stock be paid?

The dividend for common stock will be paid on October 29, 2021.

What are the details of the dividends for the preferred stock?

The dividend for Series C Preferred Stock is $0.390625, payable on October 15, 2021, and for Series E Preferred Stock, it is $0.40625, payable on November 1, 2021.

Who is eligible for the dividend payments?

Shareholders of record as of September 30, 2021, will receive the dividend payments.