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

By: News
Posted: 7/9/2013 9:00:00 AM
Referenced Stocks: AMT;RAS;SPG

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.