8-KEarnings & ResultsRegulation FDExhibits & Filings

Rocket Companies, Inc. 8-K Report, Financial Results (Feb 25, 2021)

Filed February 25, 2021For Securities:RKT

Summary

Rocket Companies, Inc. (RKT) announced its fourth quarter and full-year 2020 financial results on February 25, 2021. Alongside these results, the company's Board of Directors authorized a special cash dividend of $1.11 per share for Class A common stockholders. This dividend is to be paid on March 23, 2021, to shareholders of record on March 9, 2021, and will be funded by a significant cash distribution from RKT Holdings, LLC. This filing is important for investors as it provides a direct financial update and a substantial shareholder return initiative. The special dividend signals confidence in the company's financial position and its ability to generate strong cash flows, rewarding existing shareholders. Investors should review the accompanying press release (Exhibit 99.1) for detailed financial performance metrics for the fourth quarter and the full fiscal year 2020.

Key Highlights

  • 1Rocket Companies announced Q4 and full-year 2020 financial results on February 25, 2021.
  • 2The company's Board of Directors declared a special cash dividend of $1.11 per share.
  • 3The dividend is for holders of Class A common stock.
  • 4The special dividend payment date is set for March 23, 2021.
  • 5The record date for dividend eligibility is March 9, 2021.
  • 6The dividend will be funded by a cash distribution of approximately $2.2 billion from RKT Holdings, LLC.
  • 7The press release containing the financial results is attached as Exhibit 99.1.

Frequently Asked Questions

This 8-K filing primarily serves to attach a press release announcing Rocket Companies' financial results for the fourth quarter and full year ended December 31, 2020. Investors should refer to Exhibit 99.1 for the specific financial details and performance metrics.

The Board of Directors has authorized a special cash dividend of $1.11 per share for Class A common stockholders. This represents a direct return of capital to shareholders, indicating the company's strong cash generation and confidence in its financial stability.

The Special Dividend of $1.11 per share will be paid on March 23, 2021. To be eligible to receive the dividend, shareholders must be of record as of the close of business on March 9, 2021.

The Special Dividend will be funded by cash distributions totaling approximately $2.2 billion from RKT Holdings, LLC, which will be distributed to all its members, including Rocket Companies, Inc.