B. Riley Financial Declares Preferred Stock Dividends
B. Riley Financial, Inc. (NASDAQ: RILY) has recently made a noteworthy announcement regarding its cash dividends for preferred shareholders. This decision underscores the company’s commitment to its investors and reflects its solid financial position.
Overview of Preferred Stock Dividends
The company has declared dividends on its two classes of preferred stock: the 6.875% Series A Cumulative Perpetual Preferred Stock and the 7.375% Series B Cumulative Perpetual Preferred Stock. Each series is associated with depositary shares, offering holders a fractional interest in the designated stock.
Details of the Dividend Payments
For the 6.875% Series A Preferred Stock, the cash dividend amounts to $0.42968750 per depositary share. In contrast, holders of the 7.375% Series B Preferred Stock will receive a cash dividend of $0.4609375 per depositary share. This structured dividend payout indicates B. Riley's dedication to maintaining shareholder value.
Dividend Payment Dates
The scheduled payment date for these preferred stock dividends is set for October 31, 2024. Shareholders will need to be on record by the close of business on October 28, 2024, to qualify for these dividends. This timeline is crucial for investors to keep in mind to ensure their eligibility for the upcoming payments.
About B. Riley Financial
B. Riley Financial is a multifaceted financial services platform that offers customized solutions to meet its clients' various needs. The firm excels in providing comprehensive and collaborative services that span the entirety of the business lifecycle. B. Riley serves its clients through a network of affiliated subsidiaries, delivering end-to-end solutions across multiple sectors such as investment banking, private wealth management, and corporate restructuring.
Investment Strategy
B. Riley opportunistically invests to enhance shareholder value and actively engages in underwriting senior secured loans tailored for companies rich in assets. This strategic approach aligns with the company’s goal to provide robust support and attractive opportunities within the financial landscape.
Contact Information
For further inquiries, B. Riley Financial can be reached via their investor relations channel at ir@brileyfin.com or their media contact at press@briley.com.
Frequently Asked Questions
What are the key details of B. Riley Financial's preferred stock dividends?
B. Riley Financial has declared dividends of $0.42968750 for the Series A and $0.4609375 for the Series B preferred stock.
When will the preferred stock dividends be paid?
The dividends will be payable on or about October 31, 2024, to shareholders of record by October 28, 2024.
How does B. Riley Financial support its investors?
The company provides a diversified array of financial services and actively invests to benefit its shareholders.
What services does B. Riley Financial provide?
Its services include investment banking, corporate restructuring, risk management, financial consulting, and more, aimed at meeting clients' diverse needs.
How can I contact B. Riley Financial for more information?
Interested parties can reach out to B. Riley Financial via their investor relations email or media contact provided above.
