Ready Capital Corp (NYSE:RC – Get Free Report) declared a quarterly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.01 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, June 30th.
Ready Capital has decreased its dividend payment by an average of 0.2%annually over the last three years. Ready Capital has a dividend payout ratio of 7.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ready Capital to earn ($0.38) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -10.5%.
Ready Capital Stock Performance
Shares of Ready Capital stock opened at $1.77 on Friday. The business’s fifty day simple moving average is $1.79 and its 200 day simple moving average is $1.90. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.95. Ready Capital has a 12 month low of $1.50 and a 12 month high of $4.75. The firm has a market capitalization of $293.27 million, a P/E ratio of -0.56 and a beta of 1.44.
Ready Capital Company Profile
Ready Capital Corporation is a specialty finance real estate investment trust (REIT) that originates, acquires and manages commercial real estate loans and related assets. The company offers financing solutions across a variety of property types, including multifamily, office, retail, industrial, hospitality and mixed-use assets. Ready Capital focuses on delivering flexible loan structures to meet the diverse needs of borrowers in the small balance and middle-market sectors.
Through its small balance commercial real estate lending platform, Ready Capital provides loans typically ranging from $1 million to $15 million for acquisitions, refinancings, renovations and bridge financing.
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