RAIT Financial Trust (NYSE:RAS) has lifted its dividend for Q1 2013 to $0.12 per common share, a 20% increase from the prior quarter's dividend.
The dividend will be paid April 30 to shareholders of record as of April 3. The latest dividend is $0.02 more than the previous disbursement of $0.10, which was handed out in January. Prior to that, the firm had paid $0.09 per share. The latest dividend is 50% higher than what the company paid in the first quarter of 2012.
The real estate investment trust halted dividend payments in late 2008, resuming them at the beginning of 2011.
The new dividend annualizes to $0.48 per share. That yields 6.2% at RAIT Financial Trust's current stock price of $7.80.
Fool contributor Eric Volkman has no position in RAIT Financial Trust. The Motley Fool has no position in RAIT Financial Trust. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.