Rait Financial Stock To Go Ex-dividend Tomorrow (RAS)

NEW YORK ( TheStreet) -- The ex-dividend date for Rait Financial (NYSE: RAS) is tomorrow, January 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $4.89 as of 9:30 a.m. ET, the dividend yield is 5.1%.

The average volume for Rait Financial has been 774,500 shares per day over the past 30 days. Rait Financial has a market cap of $190.4 million and is part of the financial sector and real estate industry. Shares are up 4.6% year to date as of the close of trading on Tuesday.

RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust (REIT). The company, through its subsidiaries, invests in, manages, and services real estate-related assets with a focus on commercial real estate.

TheStreet Ratings rates Rait Financial as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, weak operating cash flow and poor profit margins. You can view the full Rait Financial Ratings Report.

See our dividend calendar or top-yielding stocks list.

null

More from Markets

Dow Set to Snap 8-Day Losing Streak as Stocks Recover, But Trade War Lingers

Dow Set to Snap 8-Day Losing Streak as Stocks Recover, But Trade War Lingers

Dow Sinks for Eighth Straight Session; Intel's CEO Departs -- ICYMI

Dow Sinks for Eighth Straight Session; Intel's CEO Departs -- ICYMI

Dow Logs Eighth Straight Drop as Stocks Slump

Dow Logs Eighth Straight Drop as Stocks Slump

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks