Resource Capital Corporation - A 15% Dividend That May Increase

I have had my eye on Resource Capital Corporation (RSO) ever since the financial meltdown of 2008-2009. Why? Because, during this time period, while a lot of REITs were unable to continue paying dividends, RSO showed its strength by consistently paying a hefty dividend. As it stands now, that dividend is at approximately 15%. RSO has continued to exhibit strength. On August 1, 2012 RSO reported its Q2 2012 results. Jonathan Cohen, CEO and President of RSO reported on the strong second quarter results stating: Resource Capital Corp. had a very strong second quarter. Adjusted Funds from Operations were $0.26 per share diluted, and GAAP net income was $0.20 per share diluted, in both cases more than a 10% increase over the first quarter. We closed on over $212 million of new investments, including almost $66 million of new CRE loans. We paid a $0.20 cash dividend and our book... Read more