Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. The SBC Lending and Acquisitions segment is involved in the SBC loans across the full life-cycle of an SBC property including construction, bridge, stabilized, and agency loan origination channels through wholly-owned subsidiary, ReadyCap Commercial, LLC. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program through wholly-owned subsidiary, ReadyCap Lending, LLC. The Residential Mortgage Banking segment focuses on the residential mortgage loan origination segment through wholly-owned subsidiary, GMFS, LLC. The company was founded in November 2011 and is headquartered in New York, NY.
Ready Capital Dividend Announcement
• Ready Capital announced a quarterly dividend of $0.36 per ordinary share which will be made payable on 2024-10-30. Ex dividend date: 2024-10-15
• Ready Capital annual dividend for 2024 was $1.44
• Ready Capital annual dividend for 2023 was $0.72
• Ready Capital's trailing twelve-month (TTM) dividend yield is 17.14%
• Ready Capital's payout ratio for the trailing twelve months (TTM) is -333.23%
Ready Capital Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-15 | $0.36 | quarterly | 2024-10-30 |
2024-07-15 | $0.36 | quarterly | 2024-07-30 |
2024-04-12 | $0.36 | quarterly | 2024-04-30 |
2024-01-11 | $0.36 | quarterly | 2024-01-30 |
2023-10-12 | $0.36 | quarterly | 2023-10-30 |
2023-01-12 | $0.36 | quarterly | 2023-01-30 |
2022-10-13 | $0.36 | quarterly | 2022-10-30 |
2022-07-14 | $0.36 | quarterly | 2022-07-30 |
2022-04-13 | $0.36 | quarterly | 2022-04-30 |
2021-10-14 | $0.36 | quarterly | 2021-10-30 |
2021-07-14 | $0.36 | quarterly | 2021-07-30 |
2021-04-14 | $0.32 | quarterly | 2021-04-30 |
Ready Capital Dividend per year
Ready Capital Dividend growth
Ready Capital Dividend Yield
Ready Capital current trailing twelve-month (TTM) dividend yield is 17.14%. Interested in purchasing Ready Capital stock? Use our calculator to estimate your expected dividend yield:
Ready Capital Financial Ratios
Ready Capital Dividend FAQ
Other factors to consider when evaluating Ready Capital as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Ready Capital's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Ready Capital publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Ready Capital distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Ready Capital are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Ready Capital sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Ready Capital distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ready Capital declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Ready Capital's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Ready Capital's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.