Ready Capital dividend yield calculator – Ready Capital Corp Declares 0.14 Cash Dividend
June 18, 2023
☀️Dividends Yield
Ready Capital ($NYSE:RC) Corp has declared a cash dividend of 0.14 per share on June 1, 2023. Are you looking for a dividend stock? Then Ready Capital may be the perfect choice for you. For the last three years, Ready Capital has offered a dividend per share of 1.64USD, 1.66USD and 1.56USD respectively in 2021, 2022 and 2023, yielding 14.06%, 12.77%, and 10.41%. The average yield works out to be 12.41%. The ex-dividend date is June 29th, 2023.
This dividend is being paid out to shareholders of record as of June 28th, 2023. Ready Capital Corp is an attractive investment option for income seeking investors. It continues to offer a steady stream of dividends which can be reinvested for greater returns. With a solid dividend history and competitive yield, Ready Capital is definitely a worthwhile addition to any investor’s portfolio.
Share Price
The announcement sent its stock price lower and READY CAPITAL opened at $10.1 before closing at $9.9, down 1.8% from the previous closing price of $10.1. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ready Capital. More…
| Total Revenues | Net Income | Net Margin |
| 411.89 | 157.92 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ready Capital. More…
| Operations | Investing | Financing |
| 343.5 | -385.57 | -11.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ready Capital. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.54k | 9.65k | 15.07 |
Key Ratios Snapshot
Some of the financial key ratios for Ready Capital are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Ready Capital Intrinsic Value Calculation
GoodWhale has conducted a thorough analysis of READY CAPITAL’s financials. Based on our proprietary Valuation Line, our team has determined that the fair value of a share of READY CAPITAL is around $13.7. Currently, the stock is trading at $9.9, which is undervalued by 27.7%. We believe that this presents an opportunity for investors looking to capitalize on a potential upside in the stock price. More…
Peers
In the past decade, the commercial real estate lending landscape has shifted dramatically. New players have emerged and old ones have fallen by the wayside. Among the new breed of lenders is Ready Capital Corp, which has quickly established itself as a major player in the space. Ready Capital’s success has come at the expense of its competitors, who have been forced to adapt or die. Among those competitors are TPG RE Finance Trust Inc, ECC Capital Corp, and Manhattan Bridge Capital Inc.
– TPG RE Finance Trust Inc ($NYSE:TRTX)
TPG RE Finance Trust Inc is a publicly traded real estate investment trust that focuses on originating and acquiring senior loans collateralized by commercial real estate properties. The company’s portfolio includes office, retail, hospitality, industrial, and other types of commercial real estate properties. TPG RE Finance Trust Inc is headquartered in New York, New York.
– ECC Capital Corp ($OTCPK:ECRO)
ECC Capital Corp is a specialty finance company that provides financing solutions to small and medium-sized businesses in the United States. The company has a market cap of $7.81 million as of February 2022. ECC Capital Corp is headquartered in New York, New York.
– Manhattan Bridge Capital Inc ($NASDAQ:LOAN)
Manhattan Bridge Capital Inc is a real estate finance company that originates, services, and manages a portfolio of first mortgage loans. The Company operates in the New York metropolitan area. It offers short-term secured, non-banking loans to real estate investors to fund their acquisition, renovation, or rehabilitation of properties located in the New York metropolitan area.
Summary
Ready Capital is a financial services company offering dividend stocks to investors. It has a consistent track record of paying dividends in the past three years, with an average dividend per share of 1.64 USD, 1.66 USD and 1.56 USD, and an average yield of 12.41%. This makes it an attractive investment option for those looking for a steady income. Its short-term and long-term performance has been solid, making it a good choice for those who want to diversify their investments in order to reduce risk.
