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RAIT Financial Trust Boosts Dividend

Friday - 6/21/2013, 2:59pm  ET

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.

This article was originally published as RAIT Financial Trust Boosts Dividendon Fool.com

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