B. Riley Financial Declares Preferred Stock Dividends

B. Riley Financial (NASDAQ: RILY) announced cash dividends for its preferred stocks, with the 6.875% Series A paying $0.42968750 and the 7.375% Series B paying $0.4609375 per depositary share.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

B. Riley Financial (NASDAQ: RILY) announced cash dividends for its preferred stocks, with the 6.875% Series A paying $0.42968750 and the 7.375% Series B paying $0.4609375 per depositary share. The dividends will be payable on April 30, 2021, to holders of record as of April 20, 2021. Each depositary share has a liquidation preference of $25.00. These dividends reflect the company's ongoing financial commitment to its shareholders.

Positive

Dividends declared for Series A and B preferred stocks indicate financial stability.
Series A dividend of $0.42968750 and Series B dividend of $0.4609375 may enhance investor confidence.

Negative

None.

Argus Session date unavailable

+1.06% session move Open Argus

Details

News Market Reaction – RILY

The recorded move for RILY in the trading session of this news was +1.06%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

04/06/2021 - 04:01 PM

LOS ANGELES, April 6, 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 April 30, 2021 to respective Series A and Series B holders of record as of the close of business on April 20, 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 that offer a diverse range of complementary end-to-end capabilities spanning investment banking and 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. 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, visit www.brileyfin.com.

Contacts

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:http://www.prnewswire.com/news-releases/b-riley-financial-declares-preferred-stock-dividends-301263418.html

SOURCE B. Riley Financial

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the dividend amounts for B. Riley Financial's preferred stocks?

The 6.875% Series A Preferred Stock pays $0.42968750 and the 7.375% Series B Preferred Stock pays $0.4609375 per depositary share.

When will B. Riley Financial's preferred stock dividends be paid?

The dividends will be payable on or about April 30, 2021, to holders of record as of April 20, 2021.

What is the payout frequency for B. Riley Financial's preferred stock dividends?

B. Riley Financial's preferred stock dividends are typically declared quarterly, but the specific frequency can vary.

What is the liquidation preference for B. Riley Financial's preferred stocks?

Each depositary share has a liquidation preference of $25.00.

B. Riley Financial Declares Preferred Stock Dividends