B. Riley Financial, Inc. 5.00% Senior Notes due 2026 (NASDAQ:RILYG) Trading Down 0.7% – What’s Next?

B. Riley Financial, Inc. 5.00% Senior Notes due 2026 (NASDAQ:RILYG) shares were down 0.7% during mid-day trading on Tuesday . The company traded as low as $24.20 and last traded at $24.29. Approximately 21,622 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 29,027 shares. The stock had previously closed at $24.45.

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

The firm has a 50-day simple moving average of $23.89 and a 200 day simple moving average of $22.07.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.25 annualized dividend and a dividend yield of 5.1%.

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

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.