Ex-Div Reminder for Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock

Comment

Shutterstock photo

On 3/28/14, Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (Symbol: RSO.PRB) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 4/30/14. As a percentage of RSO.PRB's recent share price of $22.97, this dividend works out to approximately 2.24%, so look for shares of RSO.PRB to trade 2.24% lower - all else being equal - when RSO.PRB shares open for trading on 3/28/14. On an annualized basis, the current yield is approximately 8.97%, which compares to an average yield of 7.31% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . 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 :

RSO.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Resource Capital Corp (Symbol: RSO) makes up 1.89% of the SuperDividend U.S. ETF ( DIV ) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, Resource Capital Corp's 8.25% Series B Cumulative Redeemable Preferred Stock (Symbol: RSO.PRB) is currently down about 0.1% on the day, while the common shares (Symbol: RSO) are trading flat.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
More Headlines for: DIV , RSO.PRB , RSO


More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com