READY CAPITAL CORPORATION DECLARES THIRD QUARTER 2022 DIVIDENDS

Rhea-AI Summary

Ready Capital Corporation (NYSE: RC) declared a quarterly cash dividend of $0.42 per share for the quarter ending September 30, 2022, payable on October 31, 2022. Record shareholders by September 30, 2022, will receive this dividend. Furthermore, dividends were announced for the preferred stocks: $0.390625 for Series C and $0.40625 for Series E, payable on October 14 and October 31, respectively. These distributions reflect the company's ongoing commitment to delivering shareholder value through reliable dividends.

Positive

• Quarterly cash dividend of $0.42 per share reflects strong financial performance.
• Preferred stock dividends of $0.390625 (Series C) and $0.40625 (Series E) showcase company stability.

Negative

• None.

NEW YORK, Sept. 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 September 30, 2022. This dividend is payable on October 31, 2022 to shareholders of record as of the close of business on September 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 October 14, 2022 to Series C Preferred stockholders of record as of the close of business on September 30, 2022.

The Company declared a dividend of $0.40625 per share of Series E Preferred Stock payable on October 31, 2022 to Series E Preferred stockholders of record as of the close of business on September 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 (RC) for Q3 2022?

Ready Capital Corporation declared a dividend of $0.42 per share for the quarter ended September 30, 2022.

When will the dividend for Ready Capital Corporation (RC) be paid?

The dividend will be payable on October 31, 2022.

What are the dividends for Series C and Series E preferred stock from Ready Capital Corporation (RC)?

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

When are the preferred stock dividends from Ready Capital Corporation (RC) payable?

The Series C dividend is payable on October 14, 2022, and the Series E dividend on October 31, 2022.

Who are the shareholders eligible for Ready Capital Corporation (RC) dividends?

Shareholders of record as of the close of business on September 30, 2022, are eligible for the dividends.