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

In trading on Tuesday, shares of RAIT Financial Trust's 8.875% Series C Cumulative Redeemable Preferred Shares ( RAS.PRC) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.2188), with shares changing hands as low as $24.16 on the day. This compares to an average yield of 7.04% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RAS.PRC was trading at a 1.32% discount to its liquidation preference amount, versus the average premium of 2.75% in the "Real Estate" category.

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

Performance Comparison Chart

Below is a dividend history chart for RAS.PRC, showing historical dividend payments on RAIT Financial Trust's 8.875% Series C Cumulative Redeemable Preferred Shares :

RAS.PRC+Dividend+History+Chart

In Tuesday trading, RAIT Financial Trust's 8.875% Series C Cumulative Redeemable Preferred Shares ( RAS.PRC) is currently down about 1.9% on the day, while the common shares ( RAS) are down about 0.8%.

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