Ready Capital Shares Drop on Dividend Cut, 4Q Loss

Dow Jones

Mar 03, 2025

By Dean Seal

Shares of Ready Capital fell after the company cut its dividend in half and reported an unexpected loss for the fourth quarter.

The stock was down 14% at $5.93 in premarket trading. Shares were trading at $8.97 this time a year ago.

Ready Capital said before the bell that it would pay a quarterly dividend of 12.5 cents a share for its shareholders of record as of March 31. That's down from a previous payout of 25 cents a share, which was declared last September and was itself a cut from a dividend before that of 30 cents a share.

The real estate finance company also reported a loss of $318.1 million, or $1.90 a share, compared with a loss of $443.8 million, or $2.63 a share, in the same quarter a year earlier. Analysts polled by Factset had been expecting a profit of 15 cents a share.

Stripping out one-time items, the adjusted loss was 3 cents a share. Analysts had been looking for adjusted earnings of 19 cents a share.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

March 03, 2025 08:46 ET (13:46 GMT)

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Analysts had been looking for adjusted earnings of 19 cents a share. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 03, 2025 08:46 ET (13:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4110","symbol_name":"抵押房地产投资信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2516639883","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516639883","pubTimestamp":1741009560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Ready Capital fell after the company cut its dividend in half and reported an unexpected loss for the fourth quarter.The stock was down 14% at $5.93 in premarket trading. 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