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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts