Ready Capital's last quarterly dividend payment of $0.3 per share was made to shareholders on record before Jun 28, 2024. The dividend payment stands at $1.26 per share annually, which equates to a dividend yield of 13.8%.
RC has a dividend yield of 13.8% which is higher than the Real Estate sector and the industry average. If we compare it with the Real Estate sector average of 5.86%, Ready Capital's dividend yield is 135% higher. The current dividend yield is more than the historical average of 12.9% of the last 5 years.
Ready Capital has been paying dividends for the last 11 years. According to our records RC has issued four quarterly dividends in the last twelve months. The annualized DPS marks a decrease of 7% since one year ago. However with the stock price down by 21% from a year ago, the dividend yield marks an increase of 17%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jun 28, 2024 | Jul 31, 2024 | Jun 14, 2024 | $0.3 | normal |
| Mar 27, 2024 | Apr 30, 2024 | Mar 15, 2024 | $0.3 | normal |
| Dec 28, 2023 | Jan 31, 2024 | Dec 14, 2023 | $0.3 | normal |
| Sep 28, 2023 | Oct 31, 2023 | Sep 15, 2023 | $0.36 | normal |
| Jun 29, 2023 | Jul 31, 2023 | May 15, 2023 | $0.14 | normal |
| Mar 30, 2023 | Apr 28, 2023 | Mar 15, 2023 | $0.4 | normal |
| Dec 29, 2022 | Jan 31, 2023 | Dec 15, 2022 | $0.4 | normal |
| Sep 29, 2022 | Oct 31, 2022 | Sep 15, 2022 | $0.42 | normal |
| Jun 29, 2022 | Jul 29, 2022 | Jun 15, 2022 | $0.42 | normal |
| Mar 30, 2022 | Apr 29, 2022 | Mar 15, 2022 | $0.42 | normal |
| Dec 30, 2021 | Jan 31, 2022 | Dec 14, 2021 | $0.42 | normal |
| Sep 29, 2021 | Oct 29, 2021 | Sep 15, 2021 | $0.42 | normal |
| Jun 29, 2021 | Jul 30, 2021 | Jun 14, 2021 | $0.42 | normal |
| Apr 1, 2021 | Apr 30, 2021 | Mar 24, 2021 | $0.1 | special |
| Mar 12, 2021 | Mar 18, 2021 | Mar 1, 2021 | $0.3 | normal |
| Dec 30, 2020 | Jan 29, 2021 | Dec 14, 2020 | $0.35 | normal |
| Sep 29, 2020 | Oct 30, 2020 | Sep 15, 2020 | $0.3 | normal |
| Jun 29, 2020 | Jul 31, 2020 | Jun 15, 2020 | $0.25 | normal |
| Mar 30, 2020 | Apr 30, 2020 | Mar 11, 2020 | $0.4 | normal |
| Dec 30, 2019 | Jan 31, 2020 | Dec 11, 2019 | $0.4 | normal |
| Sep 27, 2019 | Oct 31, 2019 | Sep 10, 2019 | $0.4 | normal |
| Jun 27, 2019 | Jul 31, 2019 | Jun 11, 2019 | $0.4 | normal |
| Mar 27, 2019 | Apr 30, 2019 | Mar 12, 2019 | $0.4 | normal |
| Dec 28, 2018 | Jan 31, 2019 | Dec 12, 2018 | $0.4 | normal |
| Sep 27, 2018 | Oct 31, 2018 | Sep 11, 2018 | $0.4 | normal |
| Jun 28, 2018 | Jul 31, 2018 | Jun 12, 2018 | $0.4 | normal |
| Mar 28, 2018 | Apr 30, 2018 | Mar 14, 2018 | $0.37 | normal |
| Dec 28, 2017 | Jan 31, 2018 | Dec 13, 2017 | $0.37 | normal |
| Sep 28, 2017 | Oct 20, 2017 | Sep 13, 2017 | $0.37 | normal |
| Jun 28, 2017 | Jul 31, 2017 | Jun 15, 2017 | $0.37 | normal |
| Mar 29, 2017 | Apr 14, 2017 | Mar 7, 2017 | $0.37 | normal |
RC has a payout ratio of 78.8% which is lower than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 138.6%, Ready Capital's payout ratio is 43% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| RC Ready Capital Corp | 13.52% | $1.26 | 78.8% |
| LOAN Manhattan Bridge Capital Inc | 8.72% | $0.46 | 91% |
Yes, Ready Capital has paid four dividends in the last 12 months. RC has been paying dividends since 2013.
RC hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in September 2024.
Ready Capital's last regular dividend was on Jun 28, 2024 (ex-date) with the amount of $0.3 per share.
On an annual basis RC pays $1.26 per share.
Currently Ready Capital's dividend yield is 13.8%.
Ready Capital pays four dividends per year.
Ready Capital's dividend payout ratio is 78.8%.
Ready Capital's dividend yield is more than the Real Estate sector average.