Markets

Resource Capital Corp's Series A Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

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On 9/29/15, Resource Capital Corp's 8.50% Series A Cumulative Redeemable Preferred Stock (Symbol: RSO.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 10/30/15. As a percentage of RSO.PRA's recent share price of $19.31, this dividend works out to approximately 2.75%, so look for shares of RSO.PRA to trade 2.75% lower - all else being equal - when RSO.PRA shares open for trading on 9/29/15. On an annualized basis, the current yield is approximately 10.93%, which compares to an average yield of 8.64% in the "REITs" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of RSO.PRA shares, versus RSO:

Performance Comparison Chart

Below is a dividend history chart for RSO.PRA, showing historical dividends prior to the most recent $0.5312 on Resource Capital Corp's 8.50% Series A Cumulative Redeemable Preferred Stock:

RSO.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Resource Capital Corp (Symbol: RSO) makes up 1.52% of the Mortgage REIT Income ETF ( MORT ) which is trading lower by about 0.4% on the day Friday.

In Friday trading, Resource Capital Corp's 8.50% Series A Cumulative Redeemable Preferred Stock (Symbol: RSO.PRA) is currently down about 0.7% on the day, while the common shares (Symbol: RSO) are down about 0.5%.

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.


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

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