Resource Capital's Series B Preferred Stock Shares Cross 8.5% Yield Mark

In trading on Tuesday, shares of Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (RSO.PRB) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $24.26 on the day. This compares to an average yield of 6.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RSO.PRB was trading at a 2.76% discount to its liquidation preference amount, versus the average premium of 1.15% in the "Real Estate" category.

The chart below shows the one year performance of RSO.PRB shares, versus RSO:

Performance Comparison Chart

Below is a dividend history chart for RSO.PRB, showing historical dividend payments on Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock :

RSO.PRB+Dividend+History+Chart

In Tuesday trading, Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock ( RSO.PRB) is currently off about 0.2% on the day, while the common shares ( RSO) are up about 0.3%.

More from Stocks

Coke's a Better Stock to Buy Than Pepsi on Surprising North America Sales
Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb