B. Riley Financial Declares Preferred Stock Dividends

Rhea-AI Summary

B. Riley Financial (NASDAQ: RILY) announced cash dividends for its preferred stock. The 6.875% Series A Preferred Stock will yield $0.42968750 per depositary share, while the 7.375% Series B Preferred Stock will provide $0.4609375 per depositary share. These dividends are set to be paid on or about October 31, 2022, to holders of record by the close of business on October 21, 2022. Each depositary share represents 1/1000th of a share with a liquidation preference of $25.00.

Positive

• B. Riley Financial declared cash dividends, which can enhance shareholder income.
• The preferred stock offers attractive dividend yields of 6.875% and 7.375%.

Negative

• None.

LOS ANGELES, Oct. 10, 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 October 31, 2022 to respective Series A and Series B holders of record as of the close of business on October 21, 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 are the dividend amounts for B. Riley Financial's preferred stock?

The 6.875% Series A Preferred Stock dividend is $0.42968750, and the 7.375% Series B Preferred Stock dividend is $0.4609375 per depositary share.

When will the dividends for B. Riley Financial be paid?

The dividends will be payable on or about October 31, 2022.

What is the record date for receiving the dividends from B. Riley Financial?

The record date for the dividends is October 21, 2022.

What is the liquidation preference of B. Riley Financial's preferred stock?

The liquidation preference for each depositary share is $25.00.

How often does B. Riley Financial pay dividends on its preferred stock?

B. Riley Financial typically pays dividends on its preferred stock regularly, as determined by the company's board.