Resource Capital Corp's Series B Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

On 6/29/15, Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock ( RSO.PRB) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 7/30/15. As a percentage of RSO.PRB's recent share price of $22.61, this dividend works out to approximately 2.28%, so look for shares of RSO.PRB to trade 2.28% lower — all else being equal — when RSO.PRB shares open for trading on 6/29/15. On an annualized basis, the current yield is approximately 9.13%, which compares to an average yield of 7.07% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, RSO.PRB was trading at a 9.64% discount to its liquidation preference amount, versus the average premium of 2.20% 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 dividends prior to the most recent $0.5156 on Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock :


According to the ETF Finder at ETF Channel, Resource Capital Corp ( RSO) makes up 1.77% of the Mortgage REIT Income ETF (MORT) which is trading relatively unchanged on the day Thursday.

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