In trading on Monday, shares of Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (RSO.PRB) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $22.91 on the day. This compares to an average yield of 7.41% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RSO.PRB was trading at a 8.00% discount to its liquidation preference amount, versus the average discount of 2.25% in the "Real Estate" category.
Resource Capital's Series B Preferred Stock Shares Cross 9% Yield Mark
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