I'm getting a little ahead of myself, but
RSO cut it's dividend from 20 cents per share to 16 cents.
Not exact matches
Given the extreme dividend
cuts by DHT (who recently slashed its dividend to 2 cents per share) and
RSO, I think its time to consider selling these two positions off, even at a loss.
Last November, Resource Capital Corp. (NYSE:
RSO) announced that it was going to
cut its quarterly dividend from 42 cents to 5 cents -LRB--88.1 %).
Because of this
cut, my annual yield for
RSO dropped from 9.58 % to 1.14 %.
Fortunately, HQL increased its March dividend payout from 47 cents to 50 cents, so this will help blunt the damage from
RSO's dividend
cut a little bit.