BRMK - Broadmark Realty Capital halves dividend to $0.035

November, 16 2022 07:57 AM Broadmark Realty Capital Inc

Broadmark Realty Capital ( NYSE: BRMK ) declares $0.035/share monthly dividend , -50% decrease from prior dividend of $0.070.
Forward yield 8.22%
Payable Dec. 15; for shareholders of record Nov. 30; ex-div Nov. 29.
“While we are confident in the future of our business, these are challenging economic times. We are committed to running the Company in a manner that positions Broadmark for success, which requires difficult decisions. Aligning our dividend to our distributable earnings will preserve capital and build additional liquidity. We believe this is the right approach and in the best interests of our shareholders over time,” stated Jeff Pyatt, Broadmark’s Interim Chief Executive Officer.
Shares are trading down 1.17% premarket.
See BRMK Dividend Scorecard, Yield Chart, & Dividend Growth.

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Company Name:	Broadmark Realty Capital Inc
Stock Symbol:	BRMK
Market:	NYSE