Ready Capital Corporation Declares Fourth Quarter 2024 Dividends

Rhea-AI Summary

Ready Capital (NYSE:RC) has announced its fourth quarter 2024 dividend declarations. The company will pay a quarterly cash dividend of $0.25 per share of common stock and Operating Partnership unit for Q4 2024, payable on January 31, 2025, to shareholders of record as of December 31, 2024.

Additionally, the company declared dividends on its preferred stocks: $0.390625 per share for Series C Preferred Stock and $0.40625 per share for Series E Preferred Stock, both payable in January 2025. Ready Capital is a multi-strategy real estate finance company focusing on lower-to-middle-market commercial real estate loans, including agency multifamily, investor, construction, bridge, and SBA Section 7(a) loans.

Positive

• Consistent dividend payment maintained at $0.25 per share
• Continued preferred stock dividend distributions indicating financial stability

Negative

• None.

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock and Operating Partnership unit for the quarter ended December 31, 2024. This dividend is payable on January 31, 2025, to shareholders of record as of the close of business on December 31, 2024.

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 January 15, 2025, to Series C Preferred stockholders of record as of the close of business on December 31, 2024.

The Company declared a dividend of $0.40625 per share of Series E Preferred Stock payable on January 31, 2025, to Series E Preferred stockholders of record as of the close of business on December 31, 2024.

About Ready Capital Corporation

Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market investor and owner occupied commercial real estate loans. The Company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York, New York, the Company employs approximately 350 professionals nationwide.

Contact

Investor Relations
212-257-4666
InvestorRelations@readycapital.com

Media Relations
PR@readycapital.com

FAQ

What is Ready Capital's Q4 2024 dividend amount per share?

Ready Capital (RC) declared a quarterly cash dividend of $0.25 per share for Q4 2024.

When will Ready Capital (RC) pay its Q4 2024 dividend?

Ready Capital will pay its Q4 2024 dividend on January 31, 2025, to shareholders of record as of December 31, 2024.

What are the dividend amounts for Ready Capital's preferred stocks?

Ready Capital declared dividends of $0.390625 per share for Series C Preferred Stock and $0.40625 per share for Series E Preferred Stock.

What is the record date for Ready Capital's Q4 2024 preferred stock dividends?

The record date for both Series C and Series E Preferred Stock dividends is December 31, 2024.

When will Ready Capital pay its Series C Preferred Stock dividend?

Ready Capital will pay its Series C Preferred Stock dividend on January 15, 2025.