B. Riley Financial Declares Preferred Stock Dividends

Rhea-AI Summary

B. Riley Financial has announced cash dividends for its Preferred Stock series, specifically the 6.875% Series A and the 7.375% Series B. Each depositary share, representing 1/1000th of a share, has a liquidation preference of $25.00. The dividend for Series A is set at $0.42968750 per depositary share, while Series B is $0.4609375. These dividends are scheduled for payment on or around April 30, 2023, to holders of record as of April 21, 2023.

This announcement reaffirms B. Riley's commitment to providing returns to its shareholders, reflecting its financial stability and operational performance.

AI-generated analysis. Not financial advice.

Positive

• Dividend payment of $0.42968750 for Series A Preferred Stock, indicating shareholder returns.
• Dividend payment of $0.4609375 for Series B Preferred Stock, showcasing confidence in financial health.

Negative

• None.

News Market Reaction – RILY

+2.06%

1 alert

+2.06% News Effect

On the day this news was published, RILY gained 2.06%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LOS ANGELES, April 10, 2023 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") 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 April 30, 2023 to respective Series A and Series B holders of record as of the close of business on April 21, 2023.

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. B. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. 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. B. Riley opportunistically invests to benefit its shareholders, and certain registered affiliates originate and underwrite senior secured loans for asset-rich companies. B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com.

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

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/b-riley-financial-declares-preferred-stock-dividends-301793109.html

SOURCE B. Riley Financial

FAQ

What are the details of B. Riley's dividend announcement for April 2023?

B. Riley Financial announced dividends of $0.42968750 for the 6.875% Series A Preferred Stock and $0.4609375 for the 7.375% Series B Preferred Stock, payable on April 30, 2023, to holders of record by April 21, 2023.

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

The dividends for B. Riley Financial's Preferred Stock will be paid on or about April 30, 2023.

How much is the dividend for RILYP and RILYL?

The dividend for RILYP (Series A) is $0.42968750, and for RILYL (Series B), it is $0.4609375 per depositary share.

What is the significance of B. Riley's preferred stock dividends?

The declaration of dividends demonstrates B. Riley's commitment to returning value to shareholders and reflects overall financial stability.