Resource Capital Declares Fresh Dividend (RSO)

Resource Capital Declares Fresh Dividend

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Resource Capital (NYSE: RSO ) has declared a dividend for the current quarter. The company will hand out $0.20 per share of its common stock on April 26 to shareholders of record as of March 28. That amount matches the payout distributed in all four quarters of 2012. Prior to that, the mortgage real estate investment trust dispensed $0.25 per share.

Over the past five years, Resource Capital's dividend has trended downwards. It paid $0.41 in early 2008, which dropped to $0.39 later that year and to $0.30 at the beginning of 2009.

The current dividend annualizes to $0.80 per share. This yields 11.8% at Resource Capital's most recent closing stock price of $6.80.

More Expert Advice from The Motley Fool

The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.