RAIT Financial Trust's Series A Preferred Shares Cross 9% Yield Mark

In trading on Friday, shares of RAIT Financial Trust's 7.75% Series A Cumulative Redeemable Preferred Shares (RAS.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $21.01 on the day. This compares to an average yield of 7.84% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RAS.PRA was trading at a 12.84% discount to its liquidation preference amount, versus the average discount of 7.07% in the "Real Estate" category.

START SLIDESHOW:
Click here to find out the 50 highest yielding preferreds »

The chart below shows the one year performance of RAS.PRA shares, versus RAS:

Performance Comparison Chart

Below is a dividend history chart for RAS.PRA, showing historical dividend payments on RAIT Financial Trust's 7.75% Series A Cumulative Redeemable Preferred Shares:

RAS.PRA+Dividend+History+Chart

In Friday trading, RAIT Financial Trust's 7.75% Series A Cumulative Redeemable Preferred Shares ( RAS.PRA) is currently up about 2.2% on the day, while the common shares ( RAS) are down about 0.6%.

More from Stocks

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Google's YouTube in Hot Water Again Over Ads on Inappropriate Content

Google's YouTube in Hot Water Again Over Ads on Inappropriate Content

Should Tesla Nominate a New CEO Not Named Elon Musk?

Should Tesla Nominate a New CEO Not Named Elon Musk?