Resource Capital's Series C Preferred Stock Crosses Above 9% Yield Territory

In trading on Monday, shares of Resource Capital Corp's 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock ( RSO.PRC) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.1562), with shares changing hands as low as $23.87 on the day. This compares to an average yield of 6.97% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RSO.PRC was trading at a 2.76% discount to its liquidation preference amount, versus the average premium of 0.99% in the "Real Estate" category.

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

Performance Comparison Chart

Below is a dividend history chart for RSO.PRC, showing historical dividend payments on Resource Capital Corp's 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock:

RSO.PRC+Dividend+History+Chart

In Monday trading, Resource Capital Corp's 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock ( RSO.PRC) is currently up about 0.6% on the day, while the common shares ( RSO) are up about 0.8%.

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