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SLD Sutherland Asset Management Corp.

16.65
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sutherland Asset Management Corp. NYSE:SLD NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 16.65 0 00:00:00

Sutherland Asset Management Increases Quarterly Dividend by 8.1%

12/06/2018 9:30pm

PR Newswire (US)


Sutherland Asset Management (NYSE:SLD)
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NEW YORK, June 12, 2018 /PRNewswire/ -- Sutherland Asset Management Corporation (NYSE: SLD) announced that its board of directors has increased the Company's quarterly cash dividend on its common stock by 8.1%, resulting in a new annual dividend of $1.60 per share.  Accordingly, the board of directors has declared a regular quarterly cash dividend of $0.40 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2018.  The dividend is payable on July 31, 2018 to stockholders of record as of the close of business on June 29, 2018.

About Sutherland Asset Management Corporation

Sutherland Asset Management Corporation (NYSE: SLD) is a REIT that originates, acquires, finances, services and manages primarily small balance commercial ("SBC") loans, U.S. Small Business Administration loans under its Section 7(a) program, and residential mortgage loans.  The Company originates SBC loans through its ReadyCap Lending subsidiaries and originates residential mortgage loans through its GMFS subsidiary.  The Company is externally managed and advised by Waterfall Asset Management, LLC.

Contact
Investor Relations
Sutherland Asset Management
212-257-4666
SutherlandIR@waterfallam.com

Cision View original content:http://www.prnewswire.com/news-releases/sutherland-asset-management-increases-quarterly-dividend-by-8-1-300665173.html

SOURCE Sutherland Asset Management Corporation

Copyright 2018 PR Newswire

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