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.
As of last close, RAS.PRB was trading at a 1.28% discount to its liquidation preference amount. The chart below shows the one year performance of RAS.PRB shares, versus RAS:
Below is a dividend history chart for RAS.PRB, showing historical dividends prior to the most recent $0.5234 on RAIT Financial Trust's 8.375% Series B Cumulative Redeemable Preferred Shares:
According to the ETF Finder at ETF Channel, RAIT Financial Trust (RAS) makes up 1.27% of the Mortgage REIT Income ETF (MORT) which is trading relatively unchanged on the day Monday.