RAIT Financial Trust investors will be getting slightly more than they did last quarter, as a reward for putting their faith in the company. The real estate investment trust has declared a common stock dividend of $0.13 per share, to be handed out on July 31 to shareholders of record as of July 12. That amount is $0.01, or 8%, higher than RAIT's previous distribution of $0.12, which was paid in April. Prior to that, the firm dispensed $0.10 per share.
The new dividend annualizes to $0.52 per share. That yields 7.2% at RAIT's most recent closing stock price of $7.23.
The article RAIT Financial Trust Boosts Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in RAIT Financial Trust. Nor does The Motley Fool. 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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