In trading on Friday, shares of Resource Capital Corp's 8.50% Series A Cumulative Redeemable Preferred Stock (RSO.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.125), with shares changing hands as low as $23.55 on the day. This compares to an average yield of 6.91% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RSO.PRA was trading at a 4.80% discount to its liquidation preference amount, versus the average premium of 3.32% in the "Real Estate" category.The chart below shows the one year performance of RSO.PRA shares, versus RSO: Below is a dividend history chart for RSO.PRA, showing historical dividend payments on Resource Capital Corp's 8.50% Series A Cumulative Redeemable Preferred Stock: In Friday trading, Resource Capital Corp's 8.50% Series A Cumulative Redeemable Preferred Stock ( RSO.PRA) is currently down about 0.6% on the day, while the common shares ( RSO) are down about 1.1%.
More from Stocks
Ask Cramer: Book Recommendations for College Grads Starting Their First Job?
Which of Jim Cramer's books does he recommend for grandchildren out of college on their first job?
Jim Cramer: The Recent Selloff in Bank Stocks Is 'Stupid'
'The people who are selling financials will be wrong,' he says.