RC.PRE

Ready Capital's Series E Preferred Stock Shares Cross 8.5% Yield Mark

In trading on Monday, shares of Ready Capital Corp's 6.50% Series E Cumulative Redeemable Preferred Stock (Symbol: RC.PRE) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $19.10 on the day. This compares to an average yield of 8.34% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, RC.PRE was trading at a 23.48% discount to its liquidation preference amount, versus the average discount of 17.14% in the "REITs" category.

The chart below shows the one year performance of RC.PRE shares, versus RC:

Performance Comparison Chart

Below is a dividend history chart for RC.PRE, showing historical dividend payments on Ready Capital Corp's 6.50% Series E Cumulative Redeemable Preferred Stock:

RC.PRE+Dividend+History+Chart

In Monday trading, Ready Capital Corp's 6.50% Series E Cumulative Redeemable Preferred Stock (Symbol: RC.PRE) is currently up about 1.1% on the day, while the common shares (Symbol: RC) are up about 1.8%.

Also see:
• Institutional Holders of BCDF
• Funds Holding PP
• RFV Videos

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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