Resource Capital's Series A Preferred Stock Yield Pushes Past 8.5%

In trading on Wednesday, shares of Resource Capital Corp's 8.50% Series A Cumulative Redeemable Preferred Stock (RSO.PRA) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.125), with shares changing hands as low as $24.26 on the day. This compares to an average yield of 6.48% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, RSO.PRA was trading at a 1.48% premium to its liquidation preference amount, versus the average premium of 2.81% in the "Real Estate" category.

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

Performance Comparison Chart

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:

RSO.PRA+Dividend+History+Chart

In Wednesday trading, Resource Capital Corp's 8.50% Series A Cumulative Redeemable Preferred Stock ( RSO.PRA) is currently down about 0.2% on the day, while the common shares ( RSO) are up about 1%.

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