NEW YORK - Ready Capital Corporation (NYSE:RC), a multi-strategy real estate finance company, announced today that its Board of Directors has declared a quarterly cash dividend for its common stock and Operating Partnership unit holders as well as for holders of its preferred stock series.
Shareholders of the company's common stock are set to receive a dividend of $0.30 per share for the quarter that ended on March 31, 2024. This dividend is scheduled for payment on April 30, 2024, with a record date of March 28, 2024.
In addition to the common stock dividend, Ready Capital declared dividends for its preferred stock. Holders of the 6.25% Series C Cumulative Convertible Preferred Stock will receive a dividend of $0.390625 per share, payable on April 15, 2024, with the same record date as the common stock.
The Series E Cumulative Redeemable Preferred Stock holders are due a dividend of $0.40625 per share, also payable on April 30, 2024, to shareholders of record as of March 28, 2024.
Ready Capital Corporation specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, bridge loans, and U.S. Small Business Administration loans under its Section 7(a) program. The company, headquartered in New York, employs approximately 350 professionals across the United States.
This dividend announcement follows Ready Capital's operational strategy and commitment to providing returns to its investors. The information for this report is based on a press release statement from Ready Capital Corporation.
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