Looking through top % gainers on finviz / finance.yahoo, I found that $REXI was up 28%. This article was posted explaining the dividend payouts from $RSO.
"NEW YORK, NY--(Marketwired - Dec 21, 2015) - Resource Capital Corp. (NYSE: RSO) (the "Company") announced today that it will pay a cash dividend on its 8.50% Series A Cumulative Redeemable Preferred Stock for the period from October 31, 2015 through and including January 30, 2016 in the amount of $0.53125 per share. The dividend will be payable on February 1, 2016 to holders of record on January 4, 2016."
This excerpt explains that RSO will be paying out dividends. The last sentence; is it stating that if someone has a position on the stock prior to January 4th, 2016, they will be receive $0.53 per share they have on February 1st, 2016? It states three more times that it will pay out dividends on Series B and Series C cumulative redeemable preferred stock.
Yes you would be correct.
The dividend is only being paid on Preferred Stock, NOT on common stock that you would normally buy through your broker. So dont buy this stock last minute hoping to get the dividend
Actually, I was hoping to see a short opportunity on feb 1st / 2nd after people had taken their dividends and left. Although, $REXI was up 12% today, so that's good news too I suppose.
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