Ready Capital Corporation Declares Second Quarter 2020 Dividend

Rhea-AI Summary

Ready Capital Corporation (NYSE:RC) declared a $0.25 quarterly cash dividend per share for the quarter ended June 30, 2020. The dividend will be payable on July 31, 2020 to shareholders of record by the close of business on June 30, 2020.

Ready Capital focuses on originating and servicing small to medium balance commercial loans, particularly those backed by commercial real estate. Headquartered in New York City, it operates under external management from Waterfall Asset Management.

Positive

• Quarterly cash dividend of $0.25 reflects shareholder returns.

Negative

• None.

NEW YORK, June 15, 2020 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) 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 June 30, 2020. This dividend is payable on July 31, 2020 to shareholders of record as of the close of business on June 30, 2020.

About Ready Capital Corporation

Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York, New York, Ready Capital employs lending professionals nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.

Contact

Investor Relations
Ready Capital Corporation
212-257-4666
InvestorRelations@readycapital.com

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SOURCE Ready Capital Corporation

FAQ

What is the dividend amount declared by Ready Capital Corporation for June 2020?

Ready Capital Corporation declared a quarterly cash dividend of $0.25 per share for June 2020.

When is the dividend payable to shareholders of Ready Capital Corporation?

The dividend is payable on July 31, 2020.

What is the record date for Ready Capital Corporation's June 2020 dividend?

The record date for the dividend is June 30, 2020.

How often does Ready Capital Corporation declare dividends?

Ready Capital Corporation typically declares dividends on a quarterly basis.