By Katherine Hamilton
Shares of Ready Capital fell after the company said it was lowering its dividend by 92%.
The stock dropped 6.9%, to $2.17, in after-hours trading Monday. Through the close, the stock had lost 66% of its value this year and hit a 52-week low on Monday.
The real estate finance company declared a dividend of 1 cent a share, down from its previous dividend of 12.5 cents a share.
Thomas Capasse, the company's chief executive and chair, said the dividend aligns with Ready Capital's commitment to strengthen the balance sheet and position the business to recover to profitability.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
December 15, 2025 18:46 ET (23:46 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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