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B. Riley Financial Declares Preferred Stock Dividends
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(Low)
Rhea-AI Sentiment
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Tags
dividends
LOS ANGELES, July 7, 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 July 29, 2022 to respective Series A and Series B holders of record as of the close of business on July 19, 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.
b. riley financial, inc. is a publicly traded, diversified financial services company which takes a collaborative approach to the capital raising and financial advisory needs of public and private companies and high net worth individuals. the company operates through several wholly-owned subsidiaries, including b. riley fbr, inc. (www.brileyfbr.com), wunderlich securities, inc. (www.wunderlichonline.com), great american group, llc (www.greatamerican.com), b. riley capital management, llc (which includes b. riley asset management (www.brileyam.com), b. riley wealth management (www.brileywealth.com), and great american capital partners, llc (www.gacapitalpartners.com)) and b. riley principal investments, a group that makes proprietary investments in other businesses, such as the acquisition of united online, inc. learn more about us and our services at www.brileyfin.com.
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