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

Ready Capital Corp (NYSE:RC) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be given 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 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 payout ratio of 7.1% indicating that its dividend is sufficiently covered by earnings. 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%

Shares of NYSE:RC opened at $1.60 on Wednesday. The stock has a market cap of $265.13 million, a P/E ratio of -0.46 and a beta of 1.48. The firm has a fifty day moving average price of $1.67 and a 200 day moving average price of $1.72. 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 has a 1-year low of $1.39 and a 1-year high of $4.42.

Ready Capital (NYSE:RC) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.01. Ready Capital had a negative net margin of 131.76% and a negative return on equity of 16.78%. The company had revenue of $151.87 million for the quarter, compared to the consensus estimate of $16.41 million. Sell-side analysts predict that Ready Capital will post -0.99 EPS for the current 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.