On 11/27/13, RAIT Financial Trust's 8.375% Series B Cumulative Redeemable Preferred Shares (RAS.PRB) will trade ex-dividend, for its quarterly dividend of $0.5234, payable on 12/31/13. As a percentage of RAS.PRB's recent share price of $24.71, this dividend works out to approximately 2.12%, so look for shares of RAS.PRB to trade 2.12% lower — all else being equal — when RAS.PRB shares open for trading on 11/27/13. On an annualized basis, the current yield is approximately 8.48%, which compares to an average yield of 7.67% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder For RAIT Financial Trust's Series B Cumulative Redeemable Preferred Shares
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