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Dec 31, 2020
B. Riley Q4 2020 Earnings Report
B. Riley reported record fourth quarter and full year results.
Key Takeaways
B. Riley Financial reported record fourth quarter and full year results, driven by increased profitability across all businesses, particularly brokerage and investment banking. The company declared a special dividend of $3.00 and increased the regular quarterly dividend to $0.50.
Increased regular quarterly dividend to $0.50 reflecting growth in recurring businesses.
Declared a special dividend of $3.00 per share due to the strength of episodic businesses.
Investment banking delivered an impressive quarter driven by capital markets activity and retail restructuring assignments.
Enhanced platform with the addition of a venture capital business, an operations management vertical, and investment in the Justice brand.