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Ladder Capital declares dividend of USD0.34 per share for Q2 2019.

M2 EQUITYBITES-May 31, 2019-Ladder Capital declares dividend of USD0.34 per share for Q2 2019

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The board of directors of Ladder Capital Corp (NYSE:LADR) has approved a second quarter 2019 cash dividend of USD0.34 per share on the company's class A common stock, the company disclosed on Thursday.

This dividend will be paid on 1 July 2019 to stockholders of record as of the close of business on 10 June 2019.

A real estate investment trust, Ladder Capital has over USD6bn of assets and its objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns. It originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets.

The company was founded in 2008, is led by chief executive officer Brian Harris, and is headquartered in New York City with regional offices in California and Florida, USA.

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Publication:M2 EquityBites (EQB)
Date:May 31, 2019
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