Resource Capital Series B Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

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On 6/27/14, 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 7/30/14. As a percentage of RSO.PRB's recent share price of $24.35, this dividend works out to approximately 2.12%, so look for shares of RSO.PRB to trade 2.12% lower - all else being equal - when RSO.PRB shares open for trading on 6/27/14. On an annualized basis, the current yield is approximately 8.47%, which compares to an average yield of 6.81% 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 1.80% 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 trading flat 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 The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: DIV , RSO.PRB , RSO

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