RAIT Financial (RAS) Declares $0.09 Quarterly Dividend; Reaffirms Q4 CAD Guidance
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RAIT Financial Trust Announces Fourth Quarter Cash Dividend on its Common Shares and Reaffirms Q4 2015 CAD Guidance
December 8, 2015 8:03 AM ESTPHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (RAIT) today announced its fourth quarter cash dividend on its common shares and reaffirmed its fourth quarter 2015 guidance regarding its expected cash available for distribution (CAD).
Scott Schaeffer, RAITs Chairman and CEO, said, We are reaffirming RAITs Q4 2015 CAD guidance of $0.22-$0.23 per common share as RAITs core lending platform continues to perform. We are also continuing with our previously announced capital recycling strategy. However, the Board has reviewed RAITs quarterly common dividend level and determined that a reduction to $0.09 per common share... More
