B. Riley Financial Declares Preferred Stock Dividends

Rhea-AI Summary

B. Riley Financial (NASDAQ: RILY) has announced cash dividends for its 6.875% Series A and 7.375% Series B Cumulative Perpetual Preferred Stock. The dividends are payable on October 31, 2024, to holders of record as of October 28, 2024. Each depositary share represents a 1/1000th fractional interest in a share of the respective Preferred Stock, with a liquidation preference of $25.00 per depositary share.

The dividend for the 6.875% Series A Preferred Stock (NASDAQ: RILYP) is $0.42968750 per depositary share, while the 7.375% Series B Preferred Stock (NASDAQ: RILYL) will pay $0.4609375 per depositary share.

Positive

• Regular dividend payments indicate stable cash flow
• Preferred stock dividends provide steady income for shareholders

Negative

• None.

LOS ANGELES, Oct. 16, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") 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 October 31, 2024 to respective Series A and Series B holders of record as of the close of business on October 28, 2024.

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. B. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. 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. B. Riley opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies. B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com.

Contacts

B. Riley

Investors
ir@brileyfin.com  

Media
press@briley.com

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SOURCE B. Riley Financial, Inc.

FAQ

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

The dividend for B. Riley Financial's 6.875% Series A Preferred Stock (RILYP) is $0.42968750 per depositary share.

When is the payment date for B. Riley Financial's preferred stock dividends?

The preferred stock dividends will be payable on or about October 31, 2024.

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

The record date for B. Riley Financial's preferred stock dividends is October 28, 2024.

How much is the dividend for B. Riley Financial's Series B Preferred Stock (RILYL)?

The dividend for B. Riley Financial's 7.375% Series B Preferred Stock (RILYL) is $0.4609375 per depositary share.