Ready Capital's Series B Preferred Stock Crosses Above 13.5% Yield Territory

Ready Capital Corp’s RC.PRC preferred stock is trading with a yield above 13.5%, implying an annualized dividend of $1.5625. Shares reportedly traded as low as $11.10 during Thursday’s session, indicating elevated income yield rather than a clearly stated fundamental or event-driven change.

Analysis

Ready Capital Corp’s RC.PRC preferred stock is trading with a yield above 13.5%, implying an annualized dividend of $1.5625. Shares reportedly traded as low as $11.10 during Thursday’s session, indicating elevated income yield rather than a clearly stated fundamental or event-driven change.