Ready Capital Slashes Quarterly Dividend to $0.01 Amid Distributable Losses
Ready Capital Corp (NYSE: RC), a commercial real estate finance company, declared a quarterly dividend of $0.01 per share for the fourth quarter of 2025, a dramatic reduction from historical levels as the company reported distributable losses.
Ready Capital Corp (NYSE: RC), a commercial real estate finance company, declared a quarterly dividend of $0.01 per share for the fourth quarter of 2025, marking a significant decrease from prior dividend levels. The company reported distributable losses of $0.43 per share for the quarter. Read more dividend announcements.
The dividend reduction comes as Ready Capital posted a net loss from continuing operations of $1.46 per share in the fourth quarter. Book value per share stood at $8.79 as of December 31, 2025.
The company did not disclose record, ex-dividend, or payment dates for the declared dividend in its earnings materials.
| Dividend Detail | Information |
|---|---|
| Amount | $0.01 per share |
| Frequency | Quarterly |
| Record Date | Not disclosed |
| Ex-Dividend Date | Not disclosed |
| Payment Date | Not disclosed |
Portfolio and Balance Sheet Update
Ready Capital's total loan portfolio stood at $5.9 billion at quarter end. The company originated $374.6 million in loans during the fourth quarter, including $234.9 million in lower middle market commercial real estate loans, $84.4 million in SBA 7(a) loans, and $18.4 million in USDA loans.
Loan repayments totaled $442.3 million, while the company sold $294.0 million in loans during the quarter. Core delinquencies of 60 days or more reached 6.7% of the portfolio, with net new core delinquencies totaling $18 million.
Total leverage stood at 3.5 times, with a recourse leverage ratio of 1.6 times. In February 2026, Ready Capital completed the sale of 34 loans with $855.3 million in unpaid principal balance and retired its outstanding 5.75% senior unsecured note due in February 2026.