B. Riley Financial Declares Preferred Stock Dividends

Rhea-AI Summary

B. Riley Financial, Inc. (NASDAQ: RILY) has announced cash dividends for its 6.875% Series A and 7.375% Series B Cumulative Perpetual Preferred Stock. The Series A dividend is set at $0.42968750 per share, while the Series B dividend is $0.4609375 per share. These dividends are scheduled for payment on or about July 29, 2022, to shareholders on record as of July 19, 2022. This financial move indicates the company's commitment to returning value to its preferred stockholders.

Positive

• Payment of $0.42968750 dividend for Series A Preferred Stock.
• Payment of $0.4609375 dividend for Series B Preferred Stock.
• Scheduled dividend payment reflects company’s financial health.

Negative

• None.

LOS ANGELES, July 7, 2022 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) has declared cash dividends on its 6.875% Series A Cumulative Perpetual Preferred Stock (NASDAQ: RILYP) and its 7.375% Series B Cumulative Perpetual Preferred Stock (NASDAQ: RILYL) (collectively, the "Preferred Stock"), each series of which is represented by depositary shares. Each depositary share represents 1/1000th fractional interest in a share of the respective Preferred Stock with a liquidation preference equivalent to $25.00 per depositary share.

The 6.875% Series A Preferred Stock cash dividend equals $0.42968750 per depositary share.

The 7.375% Series B Preferred Stock cash dividend equals $0.4609375 per depositary share.

The Preferred Stock dividends will be payable on or about July 29, 2022 to respective Series A and Series B holders of record as of the close of business on July 19, 2022.

About B. Riley Financial

B. Riley Financial is a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. Through its affiliated subsidiaries, B. Riley provides end-to-end, collaborative financial services across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services. For more information, please visit www.brileyfin.com.

Contacts

Investors	Media
Mike Frank	Jo Anne McCusker
ir@brileyfin.com	press@brileyfin.com
(212) 409-2424	(646) 885-5425

 

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SOURCE B. Riley Financial

FAQ

What is the dividend payment date for B. Riley Financial's preferred stocks?

The dividend payment date is on or about July 29, 2022.

How much is the dividend for B. Riley Financial's Series A Preferred Stock?

The dividend for Series A Preferred Stock is $0.42968750 per depositary share.

What is the dividend for B. Riley Financial's Series B Preferred Stock?

The dividend for Series B Preferred Stock is $0.4609375 per depositary share.

Who is eligible for the B. Riley Financial preferred stock dividends?

Shareholders of record as of the close of business on July 19, 2022, are eligible.