On 9/27/13, Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (RSO.PRB) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 10/30/13. As a percentage of RSO.PRB's recent share price of $23.55, this dividend works out to approximately 2.19%, so look for shares of RSO.PRB to trade 2.19% lower — all else being equal — when RSO.PRB shares open for trading on 9/27/13. On an annualized basis, the current yield is approximately 8.75%, which compares to an average yield of 7.50% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock
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