Broadmark Realty Capital Inc. (NASDAQ:BRMK) Announces $0.06 Monthly Dividend

Broadmark Realty Capital Inc. (NASDAQ:BRMK) declared a monthly dividend on Thursday, June 11th, Wall Street Journal reports. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.06 per share on Wednesday, July 15th. This represents a $0.72 annualized dividend and a dividend yield of 7.91%. The ex-dividend date is Monday, June 29th.

Broadmark Realty Capital has a payout ratio of 81.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Shares of BRMK opened at $9.10 on Friday. Broadmark Realty Capital has a 12-month low of $5.44 and a 12-month high of $12.81. The firm has a 50-day moving average price of $8.87 and a 200 day moving average price of $10.11. The firm has a market capitalization of $1.34 billion and a P/E ratio of 37.92.

Broadmark Realty Capital (NASDAQ:BRMK) last issued its earnings results on Monday, May 11th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The business had revenue of $31.77 million for the quarter, compared to the consensus estimate of $37.73 million.

A number of research firms recently commented on BRMK. B. Riley decreased their price objective on Broadmark Realty Capital from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Zacks Investment Research lowered Broadmark Realty Capital from a “hold” rating to a “sell” rating in a research note on Thursday, May 14th. Finally, Raymond James lowered their price target on Broadmark Realty Capital from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, April 13th.

Broadmark Realty Capital Company Profile

Broadmark Realty Capital Inc provides short-term and first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation, and development of residential and commercial properties in the United States. The company has elected to be taxed as a real estate investment trust.

Further Reading: What is a put option?

Dividend History for Broadmark Realty Capital (NASDAQ:BRMK)

Receive News & Ratings for Broadmark Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadmark Realty Capital and related companies with's FREE daily email newsletter.