Way to much volumn with only 25 Million shares, I hope it doesn't signify some sort of distribution top. Oh well , if it does it's only temporary[hopefully] For those of us doing the DRIP plan it means less purchasing power but it's a nice move if it holds.
Before you fall too much in love with RSO's dividend, consider this. RSO is a REIT. As long as they distribute 90 % of their earnings to the SH there is no corp.fed.income tax. The company made 4 cents the first quarter of 09. Where is the other 26 cents cming from, return of capital?
I researched this stock all weekend, and I feel pretty good about it. I purchased a bunch of shares at $3.85 today - wish me look. I'm planning on holding until it's divedend yield is less than 10% (either dividend would be lowered, or the stock price would be $12!).