Resource Capital (RSO) Declares $0.42 Quarterly Dividend; 16.6% Yield
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Resource Capital Corp. Declares Quarterly Cash Dividend
December 14, 2015 6:00 PM ESTNEW YORK, NY -- (Marketwired) -- 12/14/15 -- Resource Capital Corp. (NYSE: RSO) (the "Company") announced the Board of Directors has declared a cash dividend of $0.42 per common share for the quarter ending December 31, 2015. The dividend will be paid on January 28, 2016 to holders of record on December 31, 2015.
For 2016, the Company projects GAAP net income of $1.60 - $1.80 per common share, and AFFO of at least $2.65 per common share, which represents 1.57 times coverage of the dividend declared today. The Company expects to stabilize book value at approximately $18 per common share.
The Company intends to... More
