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Broadmark Realty stock slumps after dividend slashed to cover distributable EPS

Nov. 16, 2022 1:59 PM ETReady Capital Corporation (RC) StockBy: Liz Kiesche, SA News Editor10 Comments

Concept image of Business Acronym REIT as Real Estate Investment Trust. 3d rendering

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  • Broadmark Realty Capital (NYSE:BRMK) stock lost 8.8% in Wednesday afternoon trading after the commercial real estate finance company halved its monthly dividend to preserve cash amid a challenging economic landscape.
  • "Aligning our dividend to our distributable

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