RAIT Financial Trust (RAS) Ex-Dividend Date Scheduled for July 10, 2013


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RAIT Financial Trust ( RAS ) will begin trading ex-dividend on July 10, 2013. A cash dividend payment of $0.13 per share is scheduled to be paid on July 31, 2013. Shareholders who purchased RAS stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 8.33% increase over the prior quarter. At the current stock price of $7.45, the dividend yield is 6.98%.

The previous trading day's last sale of RAS was $7.45, representing a -15.82% decrease from the 52 week high of $8.85 and a 73.66% increase over the 52 week low of $4.29.

RAS is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). RAS's current earnings per share, an indicator of a company's profitability, is -$3. Zacks Investment Research reports RAS's forecasted earnings growth in 2013 as 241.51%, compared to an industry average of -1.4%.

For more information on the declaration, record and payment dates, visit the RAS Dividend History page.

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: News Headlines Stocks
Referenced Stocks: AMT , RAS , SPG

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