On 6/27/14, 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 7/30/14. As a percentage of RSO.PRA's recent share price of $24.98, this dividend works out to approximately 2.13%, so look for shares of RSO.PRA to trade 2.13% lower — all else being equal — when RSO.PRA shares open for trading on 6/27/14. On an annualized basis, the current yield is approximately 8.52%, which compares to an average yield of 6.81% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Resource Capital Series A Cumulative Redeemable Preferred Stock
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