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

In trading on Wednesday, 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 $24.25 on the day. This compares to an average yield of 6.93% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RSO.PRB was trading at a 2.80% discount to its liquidation preference amount, versus the average premium of 1.16% 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 Wednesday trading, Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock ( RSO.PRB) is currently trading flat on the day, while the common shares ( RSO) are off about 0.7%.

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