Ready Capital Corp (RC) To Go Ex-Dividend on March 31st

Ready Capital Corp (NYSE:RC) declared a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, March 31st.

Ready Capital has decreased its dividend payment by an average of 0.2%per year 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 analysts expect Ready Capital to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.8%.

Ready Capital Trading Down 5.3%

NYSE RC traded down $0.09 during trading on Friday, hitting $1.52. The company had a trading volume of 1,579,280 shares, compared to its average volume of 3,095,467. The company’s fifty day moving average is $1.89 and its 200-day moving average is $2.57. The company has a market cap of $246.76 million, a price-to-earnings ratio of -1.03 and a beta of 1.45. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.90. Ready Capital has a one year low of $1.50 and a one year high of $5.24.

Ready Capital (NYSE:RC) last posted its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. The business had revenue of $207.55 million for the quarter, compared to analyst estimates of $133.50 million. Ready Capital had a negative net margin of 39.55% and a negative return on equity of 10.29%. On average, sell-side analysts predict that Ready Capital will post 0.93 earnings per share for the current year.

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.