Ready Capital Corp to Issue Quarterly Dividend of $0.01 (NYSE:RC)

Ready Capital Corp (NYSE:RC) announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.01 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

Ready Capital has decreased its dividend by an average of 0.2%annually over the last three years. Ready Capital has a dividend payout ratio of 7.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ready Capital to earn ($0.40) 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 -10.0%.

Ready Capital Stock Down 1.5%

RC stock opened at $1.60 on Wednesday. The company’s 50 day simple moving average is $1.67 and its 200-day simple moving average is $1.72. The firm has a market capitalization of $265.13 million, a PE ratio of -0.46 and a beta of 1.48. Ready Capital has a 12 month low of $1.39 and a 12 month high of $4.42. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.91.

Ready Capital (NYSE:RC) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.01. The firm had revenue of $151.87 million for the quarter, compared to analyst estimates of $16.41 million. Ready Capital had a negative return on equity of 16.78% and a negative net margin of 131.76%. Equities analysts expect that Ready Capital will post -0.99 earnings per share for the current fiscal year.

Ready Capital Company Profile

Ready Capital Corporation is a real estate finance company organized as a real estate investment trust (REIT). The company originates, acquires, finances and services loans secured by commercial real estate, with a focus on small- to medium-sized properties and borrowers that may require flexible financing solutions.

Ready Capital provides financing for multifamily, commercial and residential investment properties, including bridge, construction and other structured commercial real estate loans.