B. Riley Financial, Inc. 5.25% Senior Notes due 2028 (NASDAQ:RILYZ) Trading Down 1.8% – Here’s Why

B. Riley Financial, Inc. 5.25% Senior Notes due 2028 (NASDAQ:RILYZGet Free Report)’s share price traded down 1.8% on Monday . The company traded as low as $19.85 and last traded at $20.13. 19,537 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 43,852 shares. The stock had previously closed at $20.50.

B. Riley Financial, Inc. 5.25% Senior Notes due 2028 Stock Down 1.8%

The firm’s 50-day simple moving average is $19.61 and its 200-day simple moving average is $18.52.

B. Riley Financial, Inc. 5.25% Senior Notes due 2028 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Thursday, October 15th will be given a dividend of $0.3281 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.31 dividend on an annualized basis and a yield of 6.5%.

About B. Riley Financial, Inc. 5.25% Senior Notes due 2028

(Get Free Report)

B. Riley Financial, Inc is a diversified financial services firm headquartered in Los Angeles, California. Since its founding in 1997, the company has expanded to offer a broad suite of advisory, financing and investment solutions across several industry verticals. Its principal business activities include investment banking, corporate finance, financial consulting, valuation and advisory services, restructuring and reorganization, merchant banking, asset management and brokerage services. B. Riley serves a wide range of clients, including middle-market and large-cap companies, as well as institutional investors, private equity sponsors and other financial institutions.

In May 2023, B.

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