B. Riley Financial Announces Cash Dividends for Preferred Stock
B. Riley Financial, Inc. (NASDAQ: RILY) has declared cash dividends on its 6.875% Series A Cumulative Perpetual Preferred Stock (NASDAQ: RILYP) and its 7.375% Series B Cumulative Perpetual Preferred Stock (NASDAQ: RILYL). Each series is represented by depositary shares, allowing investors to gain fractional interests in shares of the preferred stock, each with a liquidation preference of $25.00.
Details of the Preferred Stock Dividends
The cash dividend declared for the 6.875% Series A Preferred Stock amounts to approximately $0.42968750 per depositary share. Meanwhile, the 7.375% Series B Preferred Stock will yield a cash dividend of $0.4609375 per depositary share. These dividends underscore the Company’s commitment to returning value to its shareholders.
Dividend Payment Schedule
The preferred stock dividends will be payable on or about October 31 to the respective holders of the Series A and Series B stock who are on record as of the close of business on October 28. This timeline provides investors with clarity on when they can expect to receive their dividends, reinforcing B. Riley’s transparent communication with shareholders.
Understanding B. Riley Financial
B. Riley Financial is a diversified financial services platform dedicated to meeting the strategic, operational, and capital requirements of its clients and partners. The Company’s team utilizes a cross-platform approach to deliver comprehensive, collaborative financial solutions suited for every phase of a business's life cycle. Through its affiliates, B. Riley provides extensive financial services across various domains, including investment banking, private wealth management, corporate restructuring, risk management, and more. By positioning itself as a strategic partner, B. Riley actively works to enhance its product offerings and meets the needs of asset-rich enterprises.
Commitment to Shareholders
Through its robust investment strategies and financial offerings, B. Riley opportunistically invests to grow its shareholders' value. With a focus on innovative solutions, the Company originates and underwrites senior secured loans tailored for companies looking to optimize their asset potential. The deep understanding of their clients’ businesses allows B. Riley not only to offer liquidity but also to create long-lasting relationships that are mutually beneficial.
Contact Information
B. Riley is committed to maintaining open lines of communication with investors and media. For inquiries regarding investor relations or media-specific questions, the Company encourages affected parties to reach out directly through the appropriate channels.
Frequently Asked Questions
What type of dividends has B. Riley Financial declared?
B. Riley Financial has declared cash dividends for its 6.875% Series A and 7.375% Series B Cumulative Perpetual Preferred Stock.
When will the dividends be paid to shareholders?
The dividends are expected to be paid on or about October 31 to shareholders of record as of October 28.
How much is the cash dividend per depositary share?
The cash dividend for Series A is $0.42968750 and for Series B is $0.4609375 per depositary share.
What services does B. Riley Financial provide?
B. Riley Financial offers a variety of financial services including investment banking, asset management, risk management, and corporate restructuring.
How does B. Riley Financial benefit its shareholders?
B. Riley enhances shareholder value through dividends, strategic investments, and comprehensive financial services tailored to client needs.
