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

Ready Capital Corp (NYSE:RC) announced a quarterly dividend on Monday, December 15th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.01 per share by the real estate investment trust on Friday, January 30th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, December 31st.

Ready Capital has decreased its dividend payment by an average of 0.1%annually over the last three years. Ready Capital has a dividend payout ratio of 89.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Ready Capital to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 47.6%.

Ready Capital Price Performance

NYSE:RC traded down $0.13 during trading hours on Tuesday, hitting $2.21. 1,280,706 shares of the stock traded hands, compared to its average volume of 2,519,026. The company has a market cap of $357.50 million, a price-to-earnings ratio of -1.15 and a beta of 1.44. Ready Capital has a 1 year low of $2.13 and a 1 year high of $7.64. The stock has a 50 day moving average price of $2.85 and a 200 day moving average price of $3.76. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.79.

Ready Capital (NYSE:RC) last announced its quarterly earnings data on Tuesday, September 9th. The real estate investment trust reported ($0.10) EPS for the quarter. Ready Capital had a negative net margin of 47.30% and a negative return on equity of 7.02%. The firm had revenue of ($9.77) million for the quarter. Sell-side analysts forecast that Ready Capital will post 0.93 EPS for the current fiscal year.

Ready Capital Company Profile

Ready Capital Corporation operates as a real estate finance company in the United States. It operates through two segments: LMM Commercial Real Estate and Small Business Lending. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments.