Resource Stock To Go Ex-dividend Tomorrow (RSO)

NEW YORK ( TheStreet) -- The ex-dividend date for Resource Capital Corporation (NYSE: RSO) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $5.81 as of 9:35 a.m. ET, the dividend yield is 13.9%.

The average volume for Resource has been 718,900 shares per day over the past 30 days. Resource has a market cap of $445.5 million and is part of the financial sector and real estate industry. Shares are up 3.2% year to date as of the close of trading on Monday.

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 10.7, below the average real estate industry P/E ratio of 17.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Resource as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and a generally disappointing performance in the stock itself. You can view the full Resource Ratings Report.

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