B. Riley Financial Declares Preferred Stock Dividends

Rhea-AI Summary

B. Riley Financial (NASDAQ: RILY) has declared cash dividends for its preferred stock. The 6.875% Series A Cumulative Perpetual Preferred Stock (RILYP) will receive a dividend of $0.42968750 per depositary share, while the 7.375% Series B (RILYL) will receive $0.4609375 per depositary share. These dividends are payable on or about January 31, 2021, to shareholders on record as of January 21, 2021. Each depositary share has a liquidation preference of $25.00.

Positive

• Declare dividends of $0.42968750 for Series A and $0.4609375 for Series B shares.
• Confident announcement of dividends could enhance investor trust.

Negative

• None.

LOS ANGELES, Jan. 11, 2021 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced the declaration of 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 January 31, 2021 to respective Series A and Series B holders of record as of the close of business on January 21, 2021.

About B. Riley Financial
B. Riley Financial (NASDAQ: RILY) provides collaborative financial services solutions tailored to fit the capital raising, business, operational, and financial advisory needs of its clients and partners. B. Riley operates through several subsidiaries which offer a diverse range of complementary end-to-end capabilities spanning investment banking and institutional brokerage, private wealth and investment management, corporate advisory, restructuring, due diligence, forensic accounting, litigation support, appraisal and valuation, and auction and liquidation services. Certain registered affiliates of B. Riley originate and underwrite senior secured loans for asset-rich companies. B. Riley also makes proprietary investments in companies and assets with attractive return profiles. For more information about B. Riley and its affiliated companies, visit www.brileyfin.com.

Contacts
Investors	Media
B. Riley Financial	Jo Anne McCusker
ir@brileyfin.com	press@brileyfin.com
(818) 746-9310	(646) 885-5425

 

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SOURCE B. Riley Financial

FAQ

What is the dividend amount for B. Riley's Series A Preferred Stock (RILYP)?

The dividend amount for B. Riley's Series A Preferred Stock (RILYP) is $0.42968750 per depositary share.

What is the dividend amount for B. Riley's Series B Preferred Stock (RILYL)?

The dividend amount for B. Riley's Series B Preferred Stock (RILYL) is $0.4609375 per depositary share.

When will the dividends for RILY, RILYL, and RILYP be paid?

The dividends will be payable on or about January 31, 2021.

What is the record date for B. Riley's preferred stock dividends?

The record date for the dividends is January 21, 2021.