B. Riley Financial, Inc. 5.00% Senior Notes due 2026 (NASDAQ:RILYG) Stock Price Down 3.2% – Here’s Why

B. Riley Financial, Inc. 5.00% Senior Notes due 2026 (NASDAQ:RILYG)’s stock price was down 3.2% during mid-day trading on Wednesday . The company traded as low as $19.69 and last traded at $19.75. Approximately 23,434 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 31,927 shares. The stock had previously closed at $20.41.

B. Riley Financial, Inc. 5.00% Senior Notes due 2026 Trading Down 3.2%

The stock has a 50-day moving average price of $17.89 and a 200 day moving average price of $17.54.

B. Riley Financial, Inc. 5.00% Senior Notes due 2026 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 6.3%. The ex-dividend date is Thursday, January 15th.

About B. Riley Financial, Inc. 5.00% Senior Notes due 2026

The B. Riley Financial, Inc 5.00% Senior Notes due 2026 are unsecured senior notes issued by B. Riley Financial, Inc, a diversified financial services holding company. The notes bear interest at a fixed rate of 5.00% per annum, payable semi-annually in arrears, and are scheduled to mature on September 15, 2026. As senior obligations, they rank equally with all of the company’s existing and future senior unsecured debt and are guaranteed by certain of its domestic subsidiaries.

B. Riley Financial, Inc provides a broad range of advisory and financing services to corporate and individual clients.