RCD · Ready Capital Corporation 9.00% Senior Notes Due 2029, cumulative · dividend, yield to call and par
Summary
RCD is a cumulative preferred of Ready Capital Corporation. Par is $25.00. The coupon is 9.00%, fixed, paid as $0.5625 a quarter. It becomes callable on Dec 15, 2026. The issuer is an operating company rated investment grade. The score is 5.6, Average.
4 payments a year. 8 paid since 2025, the amount varies.
Payments ↓Callable from Dec 2026 at $25.00, 1 months away. Below par, so a call would be a gain and the yield to worst is the current yield.
Price history ↓9.00% of $25 for as long as the shares are outstanding. A cumulative dividend: a missed payment is still owed.
Questions ↓Preferred equity, senior to the common and below every note and bond. The coverage & protection pillar is the weakest of four.
How the score works →| Ex-date | Pay date | Amount | Change | Note |
|---|---|---|---|---|
| Mar 1, 2027 | 03/15/27 | $0.5625 | 0.0% | estimated from the coupon |
| Dec 1, 2026 | 12/15/26 | $0.5625 | 0.0% | declared |
| Sep 1, 2026 | 09/15/26 | $0.5625 | 0.0% | paid |
| Jun 1, 2026 | 06/15/26 | $0.5625 | 0.0% | paid |
How it stacks up · similar preferreds
All baby bonds| Security | Current yield | Coupon | Credit quality | Call date | IQS |
|---|---|---|---|---|---|
| RCD this pageReady Capital Corporation 9.00% Senior Notes Due 2029 | 11.24% | 9% | Investment grade | Dec 15, 2026 | 5.6 |
| C-NCitigroup Capital XIII 7.875% Fixed-to-Floating Trust Preferred due 2040 | 10.15% | 10.707% | Investment grade | Callable now | 6.1 |
| BEP-ABrookfield Renewable Partners L.P. 5.25% Class A Preferred Ltd Partnership Units Series 17 | 7.72% | 5.25% | Investment grade | Callable now | 7.3 |
| T-CAT&T, Inc. 4.75% Depositary Shares Perpetual Preferred Stock, Series C | 7.58% | 4.75% | Investment grade | None | 7.9 |
| MS-EMorgan Stanley 7.125% Series E Fixed-to-Floating Preferred | 7.27% | 7.283% | Investment grade | Callable now | 6.2 |
Chosen from the 29 preferreds with open records: other issuers only, the same credit quality first, then the closest current yield. Mandatory convertibles are matched only with each other.
Questions about RCD
How much does RCD pay, and how often?
RCD pays $2.25 a share a year. That is 9.% of the $25.00 face value. At the November 9 close of $20.01, it is a 11.24% current yield.
When is RCD’s next ex-dividend date?
December 1, 2026. The $0.56 payment is payable December 15. Ready Capital Corporation has declared it.
Are RCD’s payments qualified dividends?
No. RCD is a bond, so it pays interest, which is taxed as ordinary income.
When can RCD be called?
Not before December 15, 2026. From then Ready Capital Corporation can redeem the shares at $25.00. The yield to that call date is 248.03% at today’s price.
Does RCD have a maturity date?
Yes. Ready Capital Corporation must repay the $25.00 on December 15, 2029.
What is RCD’s credit quality?
Investment grade. YieldDesk shows credit quality as Investment grade, High yield or Not rated.
What is RCD’s Income Quality Score?
RCD scores 5.6 out of 10, in the Average tier, computed on November 9, 2026 from filings and market data. The score weighs four pillars: coverage and protection, credit, buyback economics, and structure. Coverage and protection is the lowest, at 4.6. The methodology page explains each pillar.
Payments from issuer declarations; terms from the prospectus on SEC EDGAR; price from licensed market data, delayed 15 minutes. Credit quality shows Investment grade, High yield or Not rated. The Income Quality Score is computed from filings and market data; the methodology page lists each class’s pillars. IQS describes a security. It is not investment advice or a recommendation to buy, sell or hold.
This is one record of 950+. The rest open with a free account.
No card is required. A free account opens every record, a watchlist and alerts.