Ready Capital dividend yield – Ready Capital Announces Quarterly Dividend of $0.40 Per Share for 2023, Payable April 28 to Shareholders of Record on March 31.
March 20, 2023
Trending News ☀️
Ready Capital ($NYSE:RC) Corporation has announced their quarterly dividend of $0.40 per share for 2023. Ready Capital Corporation is a real estate finance company that specializes in originating and investing in first mortgage loans, subordinate financings, and other real estate-related investments. The company is committed to providing quality services and delivering competitive returns to their shareholders.
Dividends – Ready Capital dividend yield
This is the third consecutive year they have issued the same annual dividend per share, with the dividend yields from 2022 to 2022 sitting at 12.77%. Thus, if you are looking for dividend stocks, READY CAPITAL might be worth considering. With the consistent dividend yields and quarterly payments, READY CAPITAL is sure to be a great addition to any dividend portfolio.
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 |
| 460.25 | 186.27 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ready Capital. More…
| Operations | Investing | Financing |
| 359.15 | -1.56k | 1.17k |
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 |
| 11.62k | 9.72k | 15.2 |
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 |
| – | – | – |
Share Price
The news has been met with mostly positive sentiment from investors, and the stock opened at $9.8 and closed at $9.9 on Thursday, up by 0.6% from its closing price of $9.8 on the previous day. This dividend reinforces the strong financial footing of Ready Capital and signals the company’s commitment to providing dividends to its shareholders. Live Quote…
Analysis – Ready Capital Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of READY CAPITAL‘s wellbeing. Upon completion of our research, we have determined that the fair value of READY CAPITAL’s stock is approximately $13.8, which was calculated by our proprietary Valuation Line. This represents a significant discount, and suggests the stock is undervalued by a whopping 28.1%. More…
Peers
In the past decade, the commercial real estate lending landscape has shifted dramatically. New players have emerged and old ones have fallen by the wayside. Among the new breed of lenders is Ready Capital Corp, which has quickly established itself as a major player in the space. Ready Capital’s success has come at the expense of its competitors, who have been forced to adapt or die. Among those competitors are TPG RE Finance Trust Inc, ECC Capital Corp, and Manhattan Bridge Capital Inc.
– TPG RE Finance Trust Inc ($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 Corporation (NYSE:RC) is a leading commercial finance and real estate investment trust (REIT) that announced a quarterly dividend of $0.40 per share, payable on April 28, 2023 to shareholders of record on March 31, 2023. This dividend is consistent with Ready Capital’s prior years’ dividends, suggesting that the company is committed to rewarding its shareholders with consistent returns. Furthermore, the company’s current financials show strong growth and a healthy balance sheet, indicating that Ready Capital is well-positioned to maintain a stable dividend in the future.
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