Ready Capital Slides After Quarterly Dividend Cut

Dow Jones12-16
 

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.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment