Resource Capital Keeps Dividend Steady

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Real estate finance company Resource Capitalannounced today its third-quarter dividend of $0.20 per share, the same rate it's paid for the past six quarters. 

The board of directors said the quarterly dividend is payable on Oct. 28 to the holders of record at the close of business on Sept. 30. The regular dividend payment equates to an $0.80-per-share annual dividend, yielding 12.7%, based on the closing price today of Resource Capital's stock.

RSO Dividend Chart


RSO Dividend data by YCharts

The article Resource Capital Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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