Ready Capital (RC) announces dividends for common stock and preferred stock.

From Yahoo Finance: 2025-06-27 04:17:00

Ready Capital Corporation (NYSE:RC) is named one of the 10 best-value penny stocks to buy by analysts. The company’s board approved a cash dividend of $0.125 per share of common stock, payable on July 31, 2025, to shareholders as of June 30, 2025.

The board also declared quarterly dividends for its 6.25% Series C Cumulative Convertible Preferred Stock and 6.50% Series E Cumulative Redeemable Preferred Stock. A dividend of $0.390625 per share of Series C Preferred Stock will be paid to stockholders on July 15, 2025.

Ready Capital reported a net income of $81.97 million for the first quarter of 2025, a significant improvement from a net loss of $74.17 million in the same quarter last year. The company is a real estate finance company that offers commercial real estate loans and small business loans through the SBA 7(a) program.

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Read more at Yahoo Finance: Ready Capital Corporation (RC) Declares Quarterly Dividends