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Stock impact report

Ready Capital: The Good, The Bad, And The Preferreds [Seeking Alpha]

Ready Capital Corproation (RC) 
Last ready capital corproation earnings: 3/11 04:39 pm Check Earnings Report
Company Research Source: Seeking Alpha
RC's common dividend yield is nearly 20%, but a 50% cut is likely imminent due to uncovered payouts and mounting losses. RC's Series E preferreds offer an 11.6% yield and a 44% discount to liquidation value, presenting a more attractive risk/reward. RC is rated a hold; preferreds are favored over common shares amid liquidity risks and upcoming debt maturities. BruceBlock/iStock via Getty Images Ready Capital Corporation ( RC ) is trading at a deep discount to book value per share while offering a non-covered double-digit dividend yield to its common shareholders. The dividend is likely to be reduced in the near-term, with the mREIT highlighting during This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of RC.PR.E either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no busine Show less Read more
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