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Resource Capital Corp. Message Board

  • mysonchino mysonchino Mar 2, 2013 1:17 PM Flag

    Monday earnings release

    Any guesses as to whether a 1 cent div increase is announced on Monday? At these ratios a penny would get the stock to 7.00 with a 12% yield. As time goes on and the dividends increase slowly (1 cent per year per quarter) the yield should come down to 10.5% or so and support a stock price of 9.50 to 10.00 in 3 to 4 years. Doesn't seem like much but RSO is the kind of company you can take an outsized position in. Collecting 12% on todays cost and div payment and picking up another 46% in capital appreciation over 3 to 4 years isn't anything to be ashamed of. Slow and steady usually wins the race. GLTA!

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    • I believe that "core" earnings will be in the $.25-.$.27 range. I don't believe that we will get a dividend announcement tonight but that one will be coming in the next several days. I also think that the next dividend will be close to $.225 or $.90 per year. Cohen mentioned a $.80-.90 range for dividends last year and so I think that a $.90 dividend ($.225 per quarter) is quite possible. I don't think that we will see anything higher than a $.225/quarter dividend ($.90/year) this year even if the "core" earnings exceed $.27 because I think that Cohen still wants to build BV.

      Sentiment: Buy

    • RSO use to give forward guidance on the dividend for the year. Hopefully earnings will be in the .26-.28 range. That should make a penny increase possible, with the divvy announcement in mid-march. With the success that NRF and RAS has had with share price on penny increases, that should be RSO plan also. I also believe a SPO will probably happen as soon as the shares reach $7.00. Looking forward to Monday evening. GLTA


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