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RAIT Financial Trust (RAS) Ex-Dividend Date Scheduled for October 01, 2013
By: NASDAQ.com News
RAIT Financial Trust ( RAS ) will begin trading ex-dividend on October 01, 2013. A cash dividend payment of $0.15 per share is scheduled to be paid on October 31, 2013. Shareholders who purchased RAS stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 15.38% increase over the prior quarter. At the current stock price of $7.08, the dividend yield is 8.47%.
The previous trading day's last sale of RAS was $7.08, representing a -20% decrease from the 52 week high of $8.85 and a 43.9% increase over the 52 week low of $4.92.
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 -$3.8. Zacks Investment Research reports RAS's forecasted earnings growth in 2013 as 22.73%, compared to an industry average of 8.6%.