NEW YORK (
) -- The ex-dividend date for
Resource Capital Corporation
) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $6.95 as of 9:30 a.m. ET, the dividend yield is 14%.
The average volume for Resource has been 701,500 shares per day over the past 30 days. Resource has a market cap of $442.3 million and is part of the
industry. Shares are down 6.4% year to date as of the close of trading on Friday.
Resource Capital Corp. operates as a specialty finance company that focuses primarily on commercial real estate and commercial finance in the United States. The company has a P/E ratio of 17.4, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Resource as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and poor profit margins. You can view the full