In trading on Monday, shares of RAIT Financial Trust's 8.375% Series B Cumulative Redeemable Preferred Shares (RAS.PRB) were yielding above the 15.5% mark based on its quarterly dividend (annualized to $2.0938), with shares changing hands as low as $13.32 on the day. This compares to an average yield of 6.95% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, RAS.PRB was trading at a 45.16% discount to its liquidation preference amount, versus the average discount of 2.16% in the "REITs" category.The chart below shows the one year performance of RAS.PRB shares, versus RAS: Below is a dividend history chart for RAS.PRB, showing historical dividend payments on RAIT Financial Trust's 8.375% Series B Cumulative Redeemable Preferred Shares: In Monday trading, RAIT Financial Trust's 8.375% Series B Cumulative Redeemable Preferred Shares ( RAS.PRB) is currently off about 0.5% on the day, while the common shares ( RAS) are off about 1.5%.
More from Stocks
Biggest Earnings for Next Week: Hewlett-Packard, Tiffany, Campbells, and More
Here's list of key companies to watch for the week of August 27th to the 30th.
Labor Day Sale: Join Jim Cramer's Club for Investors and Save
Get 57% off on your membership to Jim's Action Alerts PLUS club for investors.
Dow Utilities Hitting All-Time High Can Precede Recession -- But Not Always
The past several recessions have been preceded by all-time highs in utilities. But it's not a sure signal.