Ready Capital Corp (RC) To Go Ex-Dividend on September 30th

Ready Capital Corp (NYSE:RC) declared 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) dividend on an annualized basis 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%per year over the last three years. Ready Capital has a dividend payout ratio of 7.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of RC opened at $1.58 on Thursday. The stock has a market capitalization of $261.83 million, a P/E ratio of -0.46 and a beta of 1.48. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.91 and a current ratio of 1.91. Ready Capital has a 1 year low of $1.39 and a 1 year high of $4.42. The company’s fifty day moving average is $1.67 and its two-hundred day moving average is $1.72.

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

About Ready Capital

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.