Ladder Capital (LADR) Raises Quarterly Dividend 9.1% to $0.30; Will Pay $0.16/Share Year-End Distribution
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Ladder Capital Corp Announces Dividend Increase and Fourth Quarter 2016 Dividend to Holders of Class A Common Stock
December 2, 2016 7:00 AM ESTNEW YORK--(BUSINESS WIRE)-- Ladder Capital Corp (Ladder or the Company) (NYSE: LADR) today announced the declaration by its Board of Directors (Board) of a fourth quarter 2016 dividend of $0.46 per share of Class A common stock.
This declaration reflects a 9.1% increase in Ladders recurring quarterly cash dividend, effective in the current quarter, to $0.30 per share from $0.275 per share.
The fourth quarter dividend also includes an additional year-end distribution attributable to our 2016 REIT taxable income of approximately $0.16 per share of Class A common stock. As discussed below, the full fourth quarter dividend of... More
