On 3/28/14, 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 4/30/14. As a percentage of RSO.PRA's recent share price of $23.77, this dividend works out to approximately 2.23%, so look for shares of RSO.PRA to trade 2.23% lower — all else being equal — when RSO.PRA shares open for trading on 3/28/14. On an annualized basis, the current yield is approximately 8.94%, which compares to an average yield of 7.31% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, RSO.PRA was trading at a 4.92% discount to its liquidation preference amount. The chart below shows the one year performance of RSO.PRA shares, versus RSO:
Below is a dividend history chart for RSO.PRA, showing historical dividends prior to the most recent $0.5312 on Resource Capital Corp's 8.50% Series A Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, Resource Capital Corp (RSO) makes up 1.89% of the SuperDividend U.S. ETF (DIV) which is trading higher by about 0.1% on the day Wednesday.
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