B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) Trading Down 1.8% – Time to Sell?

Shares of B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 (NASDAQ:RILYT) were down 1.8% during mid-day trading on Wednesday . The stock traded as low as $14.75 and last traded at $14.93. Approximately 12,202 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 26,348 shares. The stock had previously closed at $15.20.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Stock Performance

The firm’s 50-day simple moving average is $12.69 and its 200 day simple moving average is $12.18.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Thursday, January 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 10.0%. The ex-dividend date is Thursday, January 15th.

B. Riley Financial, Inc. 6.00% Senior Notes Due 2028 Company Profile

B. Riley Financial, Inc 6.00% Senior Notes Due 2028 (NASDAQ: RILYT) are unsecured, senior obligations of B. Riley Financial, Inc, a diversified financial services holding company. The notes bear interest at an annual rate of 6.00%, payable semi-annually, and mature in August 2028. As senior unsecured debt, these notes rank equally with other unsecured obligations of the company and are structurally subordinated to any secured debt.

B. Riley Financial, Inc provides a broad suite of services including investment banking, financial advisory, wealth management, merchant banking, and asset management.