Ready Capital: When Is The Final Dividend Cut? [Seeking Alpha]
Ready Capital Corporation (RC)
Last ready capital corporation earnings: 3/11 04:39 pm
Check Earnings Report
Company Research
Source: Seeking Alpha
Pacifica Yield 11.77K Follower s Follow Play 6min Summary Ready Capital's dividend cut to $0.25 per share marks a significant sequential reduction, with a current yield of 14%, significantly above pre-pandemic levels. RC's net book value has declined to $12.97 per share with the commons trading at a 45% discount. The mREIT plans to bridge dividend coverage by focusing on small business loans, exiting residential mortgage banking, and increasing leverage. Cost reductions, including an 11% staffing cut, aim to improve ROE, but the risk of further dividend cuts remains, making preferred shares a safer option. NYSE: RC now yields 14%, a rate above what was an average yield of around 10% before the pandemic. This dividend cut represents the fourth dividend cut since 2022 and represents a significant comedown for the multifamily-focused lender. Bulls think the bottom is in with RC recording fiscal 2024 second-quarter net interest income after recovery of loan losses of
Show less
Read more
Impact Snapshot
Event Time:
RC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RC alerts
High impacting Ready Capital Corporation news events
Weekly update
A roundup of the hottest topics
RC
News
- Ready Capital Co. (NYSE: RC) had its price target lowered by analysts at UBS Group AG from $8.50 to $7.50. They now have a "neutral" rating on the stock.MarketBeat
- Ready Capital Corp (RC) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic ... [Yahoo! Finance]Yahoo! Finance
- Here's What Key Metrics Tell Us About Ready Capital (RC) Q3 Earnings [Yahoo! Finance]Yahoo! Finance
- Ready Capital Corporation Reports Third Quarter 2024 ResultsGlobeNewswire
- Earnings To Watch: Ready Capital Corp (RC) Reports Q3 2024 Result [Yahoo! Finance]Yahoo! Finance
RC
Earnings
- 11/7/24 - Miss
RC
Analyst Actions
- 11/15/24 - UBS
RC
Sec Filings
- 11/12/24 - Form 10-Q
- 11/7/24 - Form 8-K
- RC's page on the SEC website