Resource Capital's Series B Preferred Stock Shares Cross 9.5% Yield Mark

In trading on Thursday, shares of Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (RSO.PRB) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $21.62 on the day. This compares to an average yield of 6.96% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RSO.PRB was trading at a 10.56% discount to its liquidation preference amount, versus the average premium of 1.92% 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 Thursday trading, Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock ( RSO.PRB) is currently off about 1.9% on the day, while the common shares ( RSO) are up about 0.2%.

More from Stocks

Tyson Foods CEO: We Aren't Done Making Deals

Tyson Foods CEO: We Aren't Done Making Deals

The Single Biggest Reason Trade War Fears Could Finally Topple the Stock Market

The Single Biggest Reason Trade War Fears Could Finally Topple the Stock Market

Stocks Dive Globally as U.S.-China Trade War Intensifies

Stocks Dive Globally as U.S.-China Trade War Intensifies

5 Stock Picks Under $10 for Millennials

5 Stock Picks Under $10 for Millennials

China Trade War, Google, JD.com, Tesla, Brooks Koepka - 5 Things You Must Know

China Trade War, Google, JD.com, Tesla, Brooks Koepka - 5 Things You Must Know