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.
As of last close, RSO.PRA was trading at a 0.24% discount to its liquidation preference amount, versus the average premium of 1.24% in the "Real Estate" category. 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 1.80% of the SuperDividend U.S. ETF (DIV) which is trading relatively unchanged on the day Wednesday.