On 12/30/13, Resource Capital Corp's 8.50% Series A Cumulative Redeemable Preferred Stock (RSO.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 1/30/14. As a percentage of RSO.PRA's recent share price of $23.50, this dividend works out to approximately 2.26%, so look for shares of RSO.PRA to trade 2.26% lower — all else being equal — when RSO.PRA shares open for trading on 12/30/13. On an annualized basis, the current yield is approximately 9.09%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Resource Capital Corp's 8.50% Series A Cumulative Redeemable Preferred Stock
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