Ahead of acquisition, Ready Capital declares prorated dividend

The board of New York-based mortgage real estate investment trust Ready Capital Corp. declared a prorated dividend of 30 cents per share of common stock and operating partnership unit.

The dividend was declared in accordance with terms from the company's agreement to acquire Santa Monica, Calif.-based Anworth Mortgage Asset Corp., according to a company news release. The dividend was calculated by multiplying Ready Capital's fourth-quarter 2020 dividend of 35 cents per share by the number of days from Dec. 31, 2020, through March 18, the day prior to the expected closing date of the merger, the company said in the news release.

The dividend will be paid March 18 to common stockholders and operating partnership unit holders of record as of the close of business March 15.