RAIT Financial (RAS) Declares $0.18 Quarterly Dividend; 10% Yield

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RAIT Financial Trust Announces First Quarter Cash Dividend on its Common Shares and Provides 2015 CAD Guidance

March 17, 2015 7:43 AM EDT

PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (RAIT) today announced its first quarter cash dividend on its common shares and provided guidance regarding its expected cash available for distribution (CAD) for 2015.

First Quarter Cash Dividend On March 16, 2015, RAITs Board of Trustees declared a first quarter 2015 cash dividend on RAITs common shares of $0.18 per common share. The dividend will be paid on April 30, 2015 to holders of record on April 10, 2015. The ex-dividend date is April 8, 2015.

2015 CAD Guidance RAIT estimates that its 2015 full year CAD per diluted share will be in... More