RAIT Financial Trust Increases Second Quarter Cash Dividend on its Common Shares

Before you go, we thought you'd like these...
Before you go close icon

RAIT Financial Trust Increases Second Quarter Cash Dividend on its Common Shares

PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYS: RAS) ("RAIT") today announced that on June 20, 2013, RAIT's Board of Trustees declared a second quarter 2013 cash dividend on RAIT's common shares of $0.13 per common share,representing an 8% increase from the prior quarter's dividend of $0.12 per common share and a 63% increase from the second quarter 2012 dividend of $0.08 per common share. The dividend will be paid on July 31, 2013 to holders of record on July 12, 2013. The ex-dividend date is July 10, 2013.

About RAIT Financial Trust


RAIT Financial Trust is an internally-managed real estate investment trust that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. In addition, RAIT is an asset and property manager of real estate-related assets. For more information, please visit www.raitft.com or call Investor Relations at 215.243.9000.



RAIT Financial Trust Contact
Andres Viroslav, 215-243-9000
aviroslav@raitft.com

KEYWORDS:   United States  North America  Pennsylvania

INDUSTRY KEYWORDS:

The article RAIT Financial Trust Increases Second Quarter Cash Dividend on its Common Shares originally appeared on Fool.com.

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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners