Resource Capital Declares Fresh Dividend

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Resource Capital 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.

The article Resource Capital Declares Fresh Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Resource Capital, and neither does The Motley Fool. 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.

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